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RFID technology is used frequently today and has been around since the 1920s, but not many people know about, or understand it. RFID stands for Radio Frequency Identification and is used to store and retrieve information. This information is stored and retrieved using RFID tags or transponders. RFID tags are small and can be incorporated into many products. The tags have antennas that allow them to receive and respond to radio-frequency queries from an RFID transceiver.