Page 5 - All the 12 payment enabling technologies

Bluetooth Low Energy (BLE)

BLE (e.g., iBeacons): Bluetooth low energy (BLE or ‘Bluetooth smart’) is a wireless computer network technology
which allows connected devices to communicate with each other while keeping the energy consumption by the

devices at a very low level.

How it Works Companies involved

Uses radio frequencies to passively connect BLE-
enabled devices to beacons

Use Case

Payments, geolocation, shopping, transit, events

Strengths

Low power requirements, low cost, most mobile phones,
tablets, and computers are compatible

Weaknesses

Possibility of information overload to customers

Security Risks

Susceptible to eavesdropping attacks, but frequency
hopping reduces exposure

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