BANKING AFFAIRS

Detailed explanation-1: -Radio Frequency Identification (RFID) refers to a wireless system comprised of two components: tags and readers. The reader is a device that has one or more antennas that emit radio waves and receive signals back from the RFID tag.

Detailed explanation-2: -RFID (radio frequency identification) is a form of wireless communication that incorporates the use of electromagnetic or electrostatic coupling in the radio frequency portion of the electromagnetic spectrum to uniquely identify an object, animal or person.

Detailed explanation-3: -Radio Frequency Identification (RFID) is a technology that uses radio waves to passively identify a tagged object. It is used in several commercial and industrial applications, from tracking items along a supply chain to keeping track of items checked out of a library.

Detailed explanation-4: -For example, an RFID tag attached to an automobile during production can be used to track its progress through the assembly line, RFID-tagged pharmaceuticals can be tracked through warehouses, and implanting RFID microchips in livestock and pets enables positive identification of animals.

Detailed explanation-5: -RFID is an acronym for Radio Frequency Identification which means RFID is the wireless, non-contact use of radio frequency waves to transfer data and identify objects, animals, or humans. RFID systems usually comprise an RFID reader, RFID tags, and antennas.