Radio Frequency Identification (RFID) is a new form of consumer protection that is being used in many areas of our society. A small electronic RFID device emits a short-range radio signal that is read by a nearby scanner.
This technology is in use to protect consumers against identity theft and fraud. With credit cards, if the card has been logged as stolen, the card will emit a short-range radio signal that alerts the processing terminal of the problem.
RFID or radio frequency identification technology is being used in many areas of our societies today to aide in electronic information areas. The RFID device puts out a short-range signal that is heard at a nearby receiver.
An example of an RFID device in action is seen when a credit card has this type of device embedded into the card. When the credit card is stolen, the device is activated. If the stolen credit card nears a credit card processing terminal in a store, the stolen card will call the processing station to announce that it has arrived on the scene.
Click for the full glossary of credit card terms.
Similar Articles:
- How safe is RFID in credit cards?
- NFC
- How does a magnetic protector for credit cards work?
- Radio Shack Credit Card
- Skimming
- What to Know When Processing Credit Cards
- EMV Card
