Is Visa payWave Secure and Safe?

Is Visa payWave Secure and Safe?

Hey I usually use my credit or debit cards for my shopping, groceries or petrol. Actually it is better to use cards for payment than carry so much cash around. By the way, have you try the using Visa payWave? It is a payment method that allows us to make purchases without physically swiping through the payment terminal. All we need to do is just wave our card at the reader and go, that’s it! Now, the question is Visa payWave secure and safe? 

Is Visa payWave Secure and Safe?

Well Visa payWave is another payment method that aims to make our life easier and faster to pay for our daily purchases. It’s comes with secure contactless chip technology designed to help us spend less time during payment and increase convenience so that we can save more time and have a hassle-free shopping experience. 

Choose Visa payWave payment for fast and convenient

However, lately there are speculations about digital pickpocketing and contactless payment fraud causing some of us to question its safety and security features. 

Some of you might have seen the videos circulated in the internet showing contactless card (with a ripple sign) such as Visa payWave is easily intercepted by a device or mobile Apps where it claimed to be able to extract all card data.

Choose Visa payWave payment for fast and convenient

Is Visa payWave secure and safe? Get your facts right and understand more about contactless payment security by checking out this Contactless Payment Fraud: Separating Myth from Reality video below.

Whilst there are staged demonstrations showing how credit card details could be extracted electronically through a contactless card by card scanner or reader, this scenario is complex to execute in reality.

Visa payWave has been introduced in Malaysia since 2007 and is safe. Visa regards security as a top priority, and has very high security standards and risk management processes in place to protect all Visa transactions. The security features of Visa payWave enabled cards:

Visa payWave card must be within 4cm to the reader to initiate a transaction

• Visa payWave card must come very close within 4cm to the reader to initiate a transaction

• Visa payWave-enabled cards contain an embedded chip that uses advanced cryptographic unique code that changes for every contactless transaction

• The power and global reach of the VisaNet system to help identify and prevent fraudulent transactions.

Alright, let me show you how do I use my Visa payWave card. 

Visa payWave logos at the point of sale

Step 1: Check

Look for the contactless and Visa payWave logos at the point of sale.

Just Wave the Visa payWave card at the reader for payment

Step 2: Wave

Inform the cashier you would like to pay with Visa payWave. The cashier enters the purchase amount into the terminal. This amount is displayed on the Visa payWave reader.

When the first light blinks, hold or wave your Visa payWave card over the reader (within 4cm) where the Visa payWave icon is displayed.

Payment done and ready to go!

Step 3: Go

A green light will indicate when the transaction is complete. You can choose to have a receipt printed, but this is optional. No signature or PIN is required for transaction up to RM250 for some bank cards, it’s done and you are ready to go!

Where Can You Use your Visa payWave Card?

Do you have any Visa PayWave debit or credit card? You might be wondering if you accidently walked past the Point of Sale (POS) reader, you will not unknowingly made any purchase at all. For a purchase transaction to go through, your card has to be waved within 4cm of the contactless terminal for more than half a second. 

On top of that, the retailer must have first entered the amount at their POS system for you to approve or wave your Visa payWave card at the reader. Visa terminals can only process one payment transaction at a time, therefore reducing transaction errors.

Overall, I have been using my Visa payWave credit card since 2015 and there is no fraud or double charges or what so ever. I usually request for printed receipt for my record purposes. The payment transactions are smooth, fast and convenient. Just wave the card at the reader and go.

For more information and queries about Visa payWave, please visit their Website