Signaling System #7 (SS7) is a telecommunications protocol that defines high-speed circuit switching for telephone calls and uses out-of-band signaling between service switching points, signal transfer points, and service control points. It has advantages like separation of control information onto logically separate paths, message-oriented call information exchange, and ability of a single signaling channel to carry information about multiple trunks. The SS7 architecture includes service switching points, service control points, and signal transfer points that communicate using protocols like ISUP, TCAP, and SCCP.