RFID uses radio waves to electronically identify objects. An RFID tag contains information that is transmitted to an RFID reader when within range of its radio waves. A basic RFID system consists of tags containing data chips and antennas, readers and antennas to interrogate tags, and application software. Common applications of RFID include credit cards, electronic toll collection, and access control. While offering benefits over barcodes like storing more data and remote reading, RFID costs remain higher and standards are still developing.