A terminal for interacting with a signaling tag includes a controller capable of selecting a signaling tag and thereafter receiving a tag type from the signaling tag at least partially over an air interface. The controller is also capable of determining if the terminal is actively operating an application. In this regard, the controller is capable of performing a predefined action based upon the tag type, such as based upon a tag type of “Read Only,” “Read/Write” or “Transceiver in Show Mode.” And when the controller is actively operating an application, the controller is capable of performing the predefined action further based upon the application and a state of the application.