Abstract
Bluetooth and near field communications (NFC) are two of the most recently emerging wireless technologies [1] [2], largely because of the integral role they play in the Internet of everything (IoE). In this paper, the security aspect is evaluated for these two wireless technologies for potential applications in financial systems. Their frame size is also analyzed. This is done by reviewing their characteristics based on the state of the art and on the standards governing their deployment. It is found that Bluetooth has good security mechanisms when compared to NFC, which requires developers to implement their own security features at application level; however, NFC’s short range and its requirement for intentional communication between devices makes it inherently secure. It is also found that NFC has a larger message size, however, the classic Bluetooth message size is not that far below that of NFC data exchange format (NDEF) short records (SR) message size.