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RFID, or Radio Frequency IDentification is the term used to describe a wide variety of standards that allow data stored within electronic 'tags' to be read by a reader without using wires..
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Credit Card Wikipedia
A credit card is a payment card issued to users cardholders to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts so paid plus the other agreed charges. The card issuer usually a bank creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow .
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