Radio-Frequency Identification technology has been polishing the face of the newspapers and glossy magazines all the way throughout the world lately and all this is creating a hum about the modern technology. Recent homogeny and acceptance by hefty retailers has also gathered interest of many and many big businesses are getting inclined towards adopting RFID technology. However, the awareness about RFID is new-fangled, but this technology came into existence even before bar codes. A RIFD system makes use of labels or tags that are linked to the entities to be recognized. A device called interrogator is used as a two way radio transmitter and receiver, which sends an indicating signal to the tag and interpret its response.

RFID tags are quite useful in the managing the surge of merchandise and service. RFID tags can be either active or passive. An active tag has its own source of power; whereas the passive ones do not have any power source of their own. These tags can be either read or write, read-only or may have pre-assigned serial numbers that helps in locating them in the database. It should be noted that, RFID is a practice that uniquely distinguishes and identifies objects with the help of radio waves; however, due to rapid advancement in technology, professionals were able to develop an extended and more advance version of High frequency RIFD, that is, Near Field Communication (NFC), which also functions at the frequency of 13.56 MHz. NFC is considered to be a safe and efficient solution when it comes to exchanging data, also it can perform the tasks of a reader and a tag both.

Near Field Communication is a specific division in the line of RFID. NFC development will nurture in accordance to the present market trend and grow in a strategic and impromptu way. Moreover, the NFC Sim Card has been gaining a lot of popularity lately. They are designed to store the credentials of the payments made by the consumers and the applications of payment are licensed as per the security standards defined by the authority of financial and are analogous to the security of chip and pin. A NFC Sim Card, combined with an NFC enabled phone can be utilized for making payment of bills and other contactless payments. Thus, NFC Sim Card facilitates payments through mobile and assuring that your banking credentials and transactions are kept safe and secured.