Well it could be
1) A surveillance monitor for the Carrier IQ package that the NSA has had carriers install on 300 million phones
2) A training aid for would be Mensa members
3) Some random Samsung service that isn't on my S5
You didn't give us any details or context, so it's difficult to say what the service does. It isn't on my S5 so it's not universal. It may be regional, carrier specific or some Samsung bloatware that doesn't live on my phone anymore.
You can kill the process, which will cause something to quit working. Probably nothing critical but it's hard to be certain when we don't know what it does. If you have xPrivacy, see what permissions it asks for. Otberwise you could just freeze or disable it and see what effect it has on your phone.
If you tell us what firmware version and carrier you use, perhaps someone else who uses the same firmware /carrier will comment.
I have a Samsung S5 A900 4.42 I'm at the end of a trial for Samsung. (You think I'd at least get the update sooner! lol) I don't use xPrivacy.