He said that while he did not rule out such a possibility completely, it would still not be an easy feat.

“The card is equipped with high security features including for payment using payWave in which each transaction made is unique,” he said.

Mohd Ridzman, who is also the managing director of Onemyr Awareness, a consultancy on cyber crimes, told Bernama this when commenting on a video clip making the allegations on the Internet and social media.

“Based on Bank Negara reports, there have been no complaints of thefts using payWave to date,” he said.

Meanwhile, according to Visa’s official website, the Visa payWave platform is based on secure EMV chip technology, which provides both data protection and transaction security via the use of keys and the latest encryption technology.

It said Visa payWave transactions were processed through the same reliable payment network as the EMV chip and magnetic strip transactions.

“We have designed Visa payWave to ensure that the cardholder is always in control. The retailer must first enter the purchase amount for approval and your card has to be held in very close proximity to the card reader (within four centimetres) in order for a transaction to take place.

“The terminal can also only process one payment transaction at a time,” it said.