How RFID Technology Works

Radio frequency identification (RFID) allows information to be transferred via radio waves, such as in our contactless cards. The technology is similar to barcodes, though unlike barcodes that are limited with their asset tracking, RFID scanners do not need to have line of sight with an actual barcode in order for data to be communicated. The applications of this technology are impressive to say the least. For one, implementing an RFID system in a store essentially eliminates the need to stand in line. Since RFIDs communicate data wirelessly, shoppers in an RFID-enabled store can simply load their cart with the items they wish to purchase, and those items will alert the store. Next, their RFID chipped card informs the bank of their purchase, and they walk out the door without ever having to stand in line waiting for a cashier to scan your items with a barcode scanner. While the technology is not widespread enough yet for this to be a reality, the day is fast approaching. Already RF

UPDATE - The EMV Liability Shift: Where is It in 2016?

EMV liability was a hot topic last year in 2015. Multiple plans have been rolling out since and the October deadline has come and gone. Now, chipped cards are being introduced worldwide with the USA being one of the later holdouts on the new technology. The question asks us, where do we all fall now on this whole liability issue? As the EMV liability regulations take hold, it is more important than ever that the actual chips in your cards are made with the utmost quality and the highest standards of engineering. The last thing you want is for your company to become liable for mistakes that could had been easily avoidable by setting down some protocols such as ordering your chipped cards from a quality source. First, let’s talk a little bit about what these regulations are just in case you have not been keeping up to date on the issues in this sector of the payment industry. As chipped cards have become more secure than their magnetic strip counterparts, regulatory bodies are