IMPLEMENTATION OF RFID IN BANKING SECTOR
Introduction to RFID Technology:
The term RFID stands for Radio Frequency Identification in which radio waves are used to transmit data through wireless electromagnetic fields to the readers. The RFID technology is embedded in day to day life of many people without even realizing that they are using one. An RFID module consists of a tag which stores the data regarding the product or person and a reader that can read the data from the tag. There are two types of RFID tags which are called as active and passive tags.
Active RFID tags: These tags contain their own power source like batteries in order to transfer the data in the form of radio waves to the readers. These active RFID tags are expensive compared to the passive tags.
Passive RFID tags: These tags doesn’t have any power source instead they depend on the readers to transmit the data. When an electromagnetic wave from the reader hits this passive RFID tag it transmits the data to the reader.
The RFID technology has been implemented in various sectors like supply chain management, medical sector, automobile sector etc. over the years successfully. The major functionality of RFID tags are to track the packages or containers. There are enormous applications with this technology.
Assumptions and Rationale:
In some countries today’s banking sector the customers need to wait in long queue to avail services provided by the bank which makes them prone to change to other banks. Losing
An RFID reader is a network connected device (fixed or mobile) with an antenna that sends power as well as commands to the tags. The RFID reader acts like an access point for RFID tagged items so that the tags' data can be made available to business applications.
track the target once it is attached on an RFID tag. Passive tags are used to attach on the target object because they are much cheaper, long lived, lightweight and have a smaller foot print. The reader can communicated with host computer through RS232.
Regardless of the frequency, method of communication, or the power supply, the goal of any RFID system is to enable specific data to be transmitted between a portable device and the tag, and then be processed and used accordingly. RFID systems are used for objects which get lost, stolen often, underutilized, or difficult to locate in a timely manner.
RFID is not new innovation by any stretch of the imagination. It has been around for a considerable length of time. It was utilized at first for vicinity access control. From there on, it developed to be utilized as a part of inventory network following, toll boundary control, and notwithstanding ensuring cars(Potter, 2005).They are different5 types of tags are available.
26. Explain how power is provided to a passive RFID tag. By rectifying the RF energy transmitted from the reader which strikes the RF tag antenna.
The RFID technology consists of three kinds of tags i.e. active RFID tags, passive RFID tags, and battery
First advancements in RFID technology coupled with decreasing costs have allowed RFID to gain greater prominence and therefore a higher level of adoption. The following are examples of the unique capabilities offered by RFID:
First of all, what are RFID chips, and what are they capable of? In more detail RFID stands for Radio Frequency IDentification, a technology that uses tiny computer chips smaller than a grain of sand to track items at
Weaknesses involve high cost per unit and high RFID system integration costs, as well as low level of RFID technology understanding in the market. Opportunities for the RFID incorporate potential for replace of the bar code, increasing end-user demand for RFID systems and market potential in various businesses. Finally, treats involve customers concerns of privacy violation. After all, using of RFID system Drugco Discount Pharmacy improves overall efficiency of the company and on the same time customers’
RFID consist of a tag made up of microchips or a reader with an antenna. The reader sends out some magnetic wave. The tag antenna then receives this waves. Then the RFID tag draws power from the field created by the reader and it use it to power the microchip’s circuit. The chip then modulates the waves back to the reader which converts the waves to a digital data. The cost of a RFID is not quoted because pricing is based on volume.
RFID (radio frequency identification) is an new technology that threatens to take the place of bar codes in the supply chain world. The technology uses electromagnetic fields to automatically identify and track tags attached to objects. This innovation can provide many benefits in logistics and may revolutionize the entire industry. But, even though the technology provides many benefits, it also has many drawbacks and may not yet be developed enough to become the industry standard. The technology also may not be beneficial or cost effective for every business and will require a total overhaul of a businesses infrastructure, which can be extremely costly. Furthermore, both bar codes and RFID technology have many pros and cons, also industry may not be ready to implement RFID into their infrastructure.
RFID is simply a wireless technology used to store information on an integrated circuit which is commonly referred to as a tag. The IoT suggest that we could potential see billions, if not trillions of these device all cross communicating with one another. These inexpensive tags can be placed on objects devices and even people
A passive RFID tag, more commonly used, is one that is not connected to a power source. These tags rely on the electromagnetic field that is generated by specific RFID tag readers to create enough electrical charge to transmit the stored data in radio waves (Venkateswara, 2011).
Here we concentrate on solar-powered UHF RFID tags which mainly help reader independent operations like sensing, data logging, computation and other functions. One method of powering passive tag by solar energy is by giving it as a supplementary power source because it otherwise displays poor read ranges and cannot run its own circuitry. Hence necessary DC power is derived from the panels and converted to the frequency usable by the tag. This new signal is forwarded to the tag antenna which when combined with the reader signal would increase the read range. (Ferdous, Reza, & Siddiqui, 2016)
For more information on how RFID work, please refer to Cytron’s DIY project PR8 at www.cytron.co.my