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Radio frequency identification (RFID) is gaining popularity in many industries including the bankingfinancial industry because it has the potential to improve these industries. The heartened interprets of using this technology in the bankingfinancial industry is because of the need to improve the operations efficiencies as well as the data security because the industry deals with sensitive data and operations. Banks in the past have been using bar-coding to track their inventory in their data centers, but they are drastically changing after realizing the benefits of RFID in improving data accuracy of up to 90 percent. They also realize that this technology brings significant reductions in the time taken to carry out inventory assessment. In the area of security, the usage of RFID in the banking industry adds another layer of protection for banks as well as customer data as it also reduces the chances of losing that information. Although the technology brings numerous benefits to the banking industry Wholesale NFL Jerseys , there are a few areas that are of great concern for its application, especially its purported invasion of privacy and inefficient security enhancements.
The basics of RFID technology
The technological improvements in the area of information technology are leading to the revolution of the banking industry. The development of this technology is making the banking industry to undergo rapid changes. The RFID is seemingly simple technique. It stores data in the tags and the tags have an attachment to objects or located in smart cards. The reading of that data on tags takes place using radio signals after which its display occurs on suitable readers. The readers then transmit this data to an information technology system for the purpose of processing it further (Saleem et al., 2012).The most interesting thing concerning this technology is the efficiency that it offers to both the consumers and merchants. The communication between the tags and the readers takes place within a given range of distance beyond which no reading can take place. The line of sight is not necessary as in the case of barcode technology.
Communicating occurs between two devices including a reader that requires information and the tag that contains that information. There exist concepts that are at the heart of this communication (Deshmukh Wholesale Jerseys China , 2014). The technology makes use of the electromagnetic waves using frequencies from a particular part of this electromagnetic frequency spectrum. Thus, the physics behind the communication in RFID is just similar to any other communication that utilizes electromagnetic waves to carry information. There are four major players that accomplish that communication including data signal, a carrier signal Wholesale Jerseys , modulation, and antenna. The data signal is the wave that contains the information requiring having transmission to the receiver. The carrier signal is the wave carrying that infor. Cheap Jerseys Online Cheap NFL Jerseys China Cheap Jerseys China Wholesale Cheap Jerseys China Free Shipping Cheap NFL Jerseys China Cheap MLB Jerseys China Cheap NCAA Baseball Jerseys Cheap Wholesale Soccer Jerseys Cheap Football Jerseys Cheap Basketball Jerseys