We travel by car rather than bike. However, the trick is to leave money / spare cards salted away all over the vehicle and in a couple of different places around your clothing (under the seat lining / behind fuse box on a bike, behind ashtray / behind headliner / under carpet on a car).
The best advice I've heard though is always to have a 'distraction' stash that, if you're forced to hand something over quickly, has a few notes and maybe even an old credit card in it. Some people have even used the 'A N Other' blanks your get in your junk meail. The objective is to hand it over and get out of any compromising situation as soon as possbible.
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