Nice Information & Telecommunication, Inc. operates in South Korea's payment infrastructure business. Its product portfolio includes wired and wireless credit card checkers, POS systems, multipads, IC readers, and other products. The company also provides data transfer services between offline affiliates and card companies, such as network development, credit card approval data transfer, card statement purchase, and billing services, as well as PG services, gift card services, and mobile payment services. Formerly known as NICE Card Information Co., Ltd., it changed its name to Nice Information & Telecommunication, Inc. in August 2000. Founded in 1988, the company is headquartered in Seoul, South Korea.