Hyosung TNS introduced its JetCheck™, the most updated unmanned payment solution, at the NRF 2024 held in New York for three days from January 14.

NRF was first held in 2013 and is the world’s largest retail trade show. More than a thousand businesses from around the world attend it, displaying their newest technology and products, and visitors can check the newest trends in distribution.

The JetCheck™ introduced by Hyosung TNS this time is an unmanned checkout counter helping those operating stores through speedy payment service. It is a payment solution providing solutions optimized for consumers.

Hyosung TNS has secured its position as a leader in the ATM markets in many countries including Korea and the United States, expanding its business territory to unmanned payment solution utilizing its knowledge accumulated in  fields such as finance and information technology.

In Korea, the Company has supplied unmanned counters to large-sized marts like Shinsegye, Emart, etc. and health beauty stores like CJ and Olive Young since 2020. In the United States, it ventured into the unmanned payment solution business in earnest in 2023.

JetCheck™ comes in three models—C(Cash), X(eXpress), and E(Entry)—in consideration of the size of stores and customers’ needs. 

As the leading one among the three models, “C” provides the following functions: △ all types of payment including cash, card, and mobile-based convenient payment, △ weight measurement, △ membership calculation, △ store promotion, etc. The other two provide a smaller version in functions and sizes, taking the size of a store into account.

Moreover, Hyosung TNS introduced products equipped with AI Vision solution made in cooperation with Shinsegye INC—which specializes in retail technology—at the show. AI Vision solution prevents irregular cases of payment such as theft or omission of scanning of items that should be paid or theft. 

“Our introduction this time served as an opportunity to inform many people of the existence of our innovative retail solution. JetCheck™ will go a long way in helping us play the role of a leader in fields like ATM as well as unmanned payment solution in the US market,” Hyosung TNS CEO Sohn Hyunsik said.

According to RBR, a business engaging in consulting/survey concerning payment, the world unmanned payment solution market is growing rapidly year after year, and it is expected to reach the 3.8 billion US dollar (about 5 trillion won) mark by  2027.

Hyosung TNS aims to go beyond the ATM market and become a leader in the unmanned payment solution business on a mid/long-term basis. The Company plans to increase its market share by focusing on customized products that meet customers’ specific needs and by aggressively promoting JetCheck™ in the United States where many people use cash when purchasing goods.