Frame Relay is a connection-oriented WAN service based on packet switching technology, offering lower costs compared to leased lines but with lower security and no error recovery mechanism. It operates at the data link layer, using data-link connection identifiers (DLCIs) for logical connections between devices, and is commonly used to interconnect local area networks (LANs). The service can be provided by public carriers or private networks, and utilizes Local Management Interface (LMI) for connection management and status reporting.