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Association of Banks in Malaysia rubbishes viral payWave video

I’m sure you’ve watched (and possibly shared) the video where a man successfully makes a contactless transaction via a wireless POS terminal through the back pocket of a stranger. The video has gone viral and has made many jumpy and concerned about contactless payments – specifically NFC chip-embedded Visa payWave and Mastercard PayPasscredit card. Is it that easy for fraudsters to steal through…

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