Abstract: A non-contact type IC card includes a power-supply receiving device for receiving power through electromagnetic coupling with a terminal unit; a signal transmitting/receiving device for exchanging signals with a terminal unit; a signal processing device, connected to the power-supply receiving device and the signal transmitting/receiving device, for processing signals; and a resetting device, connected to the signal processing device, for resetting the signal processing device when there is no signal exchange. A method of initializing a non-contact type IC card which receives power through electromagnetic coupling with a terminal unit and which exchanges signals with the terminal unit includes measuring elapsed time from a signal exchange between an IC card and the terminal unit and resetting the IC card if no signal exchange occurs after the elapsed time exceeds a predetermined value.