Contactless payments overtake chip-and-pin

Contactless payments have become more popular than chip-and-pin card transactions for the first time in the UK, according to a major payment processing company.Worldpay said it happened in June, when 51% of in-store card transactions were contactless, rising to 52% in July.The popularity of contactless has increased as the upper limit on transactions has risen to £30 while the number of businesses accepting the payment method has grown.