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RFID technology allows you to simply tap or wave your credit card near a card reader or ATM. Using this technology to make purchases gives you the ability to complete transactions within seconds.
Several specific industries have also set guidelines, including the Financial Services Technology Consortium (FSTC) for tracking IT Assets with RFID, the Computer Technology Industry Association CompTIA for certifying RFID engineers, and the International Air Transport Association (IATA) for luggage in airports.
In contrast to other types of skimming such as ATM skimming or hacking an online merchant web page, RFID skimming requires little or no technical expertise. In order to execute ATM skimming, the criminal needs to custom build a device, then place that device inside an ATM and later pick up the device after the victims have used it.
The technology acts as a base in automated data collection, identification, and analysis systems worldwide. RFID has found its importance in a wide range of markets, including livestock identification and Automated Vehicle Identification (AVI) systems because of its capability to track moving objects. These automated wireless AIDC systems are ...
beyond the card data itself, other data protection and anti-fraud measures in their payment systems are in place to protect consumers; [11] the academic study conducted in 2006 used a sample of only 20 RFID cards, and was not accurately representative of the general RFID marketplace which generally used higher security than the tested cards; [11]
An electronic identification ("eID") is a digital solution for proof of identity of citizens or organizations.They can be used to view to access benefits or services provided by government authorities, banks or other companies, for mobile payments, etc. Apart from online authentication and login, many electronic identity services also give users the option to sign electronic documents with a ...
The NFC Forum has helped define and promote the technology, setting standards for certifying device compliance. [ 3 ] [ 4 ] Secure communications are available by applying encryption algorithms as is done for credit cards [ 5 ] and if they fit the criteria for being considered a personal area network .
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related to: rfid protection meaning in computer technology articles youtube videos today