Found 1120 Articles for Banking & Finance

What are the differences between RFID and Barcode?

Bhanu Priya
Updated on 22-Mar-2022 13:08:21

399 Views

Let us understand the concepts of Radio-Frequency Identification (RFID) and Bar code before learning the differences between them.Radio-Frequency Identification (RFID)RFID is a small electronic device which has a small chip and an antenna. This chip generally carries 2, 000 bytes of data or less.It works the same as a bar code or a magnetic strip on the back of a credit card or ATM card providing a unique identifier for the object. The RFID device is just like a barcode or magnetic strip used to scan to retrieve the identifying information.It is one of the wireless non-contact uses of radio-frequency ... Read More

What are Credit card Frauds and characteristics that allow fraud?

Bhanu Priya
Updated on 21-Mar-2022 12:39:57

347 Views

Credit card fraud is a theft that is committed using the credit card information obtained by stealing and committing fraudulent transactions.RisksThe risks associated with credit card frauds are as follows −Not noticing fake credit cards − Due to rush in the business hours, it may be a possibility that the business fails to recognize fake credit cards and incur losses.Matching signatures and names on ID − Sometimes it happens that the business overlooks the signature of the beholder to be present mandatory on the credit card.Storing credit card details − The details may be stored by the service provider to ... Read More

What are the differences between QR code and NFC?

Bhanu Priya
Updated on 21-Mar-2022 10:58:24

358 Views

Let us understand the concepts of QR code and Near Field Communication (NFC).QR CodesQR code is called "Quick Response", it allows us to encode or store over 4500 characters in a two-dimensional bar code.These codes are the "square barcodes" that were initially developed and used in Japan.The main aim of the QR code is to store the information in such a way that the machine (scanner) can be able to read the data present in the code.Uses of QR codesQR codes can be used for storing data like −Simple textPhone numbersOnline conferences via zoom appOnline one time passwords(OTP)Online accounts authentication ... Read More

Differentiate between Fastag, Bar Code, QR Code and NFC.

Bhanu Priya
Updated on 21-Mar-2022 10:50:24

471 Views

Let us understand the concepts of Fastag, Bar code, QR code and Near Field Communication (NFC).FastagFASTag is an electronic scanner system used for toll collection in India, which is operated by the National Highway Authority of India. It is based on radio frequency identification (RFID) technology. FASTag is fixed on the windscreen of vehicles. FASTags does not have any expiry date. They can be recharged at any time.Working of FASTag systemVehicles with FASTag enabled do not have to stop at toll gates where charges are deducted from the prepaid or bank account when the vehicle is moving. The drivers do ... Read More

What are the differences between Fastag, QR Code and NFC?

Bhanu Priya
Updated on 21-Mar-2022 10:46:15

173 Views

Let us understand the concepts of Quick Response (QR) code, Fastag and Near Field Communication (NFC).QR CodeQR code is called "Quick Response", it allows us to encode or store over 4500 characters in a two-dimensional bar code.QR codes are the "square barcodes" that are initially developed and used in Japan.The main aim of the QR code is to store the information in such a way that the machine (scanner) can be able to read the data present in the code.AdvantagesThe advantages of QR code are as follows −VersatilityWe can scan anywhere using mobileReduce paper usageFree and inexpensiveQuick responseBenefit for customer ... Read More

What are the differences between Barcode and QR Code?

Bhanu Priya
Updated on 17-May-2022 07:09:39

9K+ Views

Let us understand the concept of barcode and Quick Response (QR) code.Bar CodeA bar code reader decodes the data contained in the barcode and sends it to the computer. It produces a beam of light or a laser beam to read barcodes which is reflected by the bar code image. A light sensitive detector which is present in the reader identifies the bar code by recognizing special bars on both ends of the image. With the help of these special bar’s reader is able to identify whether the bar code has been read right side up or upside down.Once a ... Read More

What are the differences between Fastag and NFC?

Bhanu Priya
Updated on 17-May-2022 06:43:21

735 Views

Let us learn the concepts of Fastag and Near Field Communication (NFC).Fast TagFASTag is an electronic scanner system used for toll collection in India, which is operated by the National Highway Authority of India.It incorporates the Radio Frequency Identification (RFID) technology for doing toll payments either prepaid or from savings accounts which are linked to it or directly toll owner.The RFID enabled sticker which is fixed to a vehicle’s windshield, and a reader at the toll booth are used to scan this card and wirelessly and automatically processes the payment.When we pass a FASTag-enabled toll plaza, we don’t need to ... Read More

What are the differences between Fastag and QR Code?

Bhanu Priya
Updated on 17-Mar-2022 07:40:16

264 Views

Let us understand the concepts of QR Code and Fastag.QR CodesQR code is called as "Quick Response" and it allows us to encode or store over 4500 characters in a two-dimensional bar code. These codes are the "square barcodes" that are initially developed and used in Japan.The main aim of the QR code is to store the information in such a way that the machine (scanner) can be able to read the data present in the code.Given below is the Sample QR code image −As we can see above all QR codes are made of black dots and white spaces ... Read More

What are the differences between Fastag and Barcode?

Bhanu Priya
Updated on 17-May-2022 06:35:54

387 Views

Let us understand the concepts of Bar code and Fastag.Bar CodeA bar code reader decodes the data contained in the barcode and sends it to the computer. It produces a beam of light or a laser beam to read barcodes which is reflected by the bar code image.A light sensitive detector which is present in the reader identifies the bar code by recognizing special bars on both ends of image. With the help of these special bar's reader is able to identify whether the bar code has been read right side up or upside down.Once a barcode is identified by ... Read More

What are the differences between Fastag, Barcode and NFC?

Bhanu Priya
Updated on 17-Mar-2022 07:10:24

242 Views

Let us understand the concepts of Fastag, Bar Code and Near Field Communication (NFC).FasTagFASTag is an electronic scanner system used for toll collection in India, which is operated by the National Highway Authority of India. It incorporates the Radio Frequency Identification (RFID) technology for doing toll payments either prepaid or from savings accounts which are linked to it or directly toll owner.The RFID enabled sticker which is fixed to a vehicle’s windshield, and a reader at the toll booth are used to scan this card and wirelessly and automatically processes the payment.When we pass a FASTag-enabled toll plaza, we don’t ... Read More

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