|Vatican nixes credit cards|
Catholic News Service photo
A notice on the Vatican Museums' website informs patrons that they will be unable to pay using credit and debit cards beginning Jan. 1. The Vatican's point of sale agreement was terminated amid unofficial reports of regulatory concerns by Italian financial authorities. The Vatican said the no-plastic policy was expected to be short-lived.
Catholic News ServiceVatican City State vendors, including the Vatican Museums and supermarket, stopped accepting credit- and debit-card payments, citing technical difficulties amid unofficial reports of regulatory concerns by Italian financial authorities.
The Vatican already is in negotiations with other providers, and the no-plastic policy is expected to short-lived.
Problem arose when Italy’s central bank denied Deutsche Bank Italia — the Vatican’s point of sale provider — permission to operate in Vatican City State, a foreign country.
The central bank, the Bank of Italy, said it discovered in 2010 that Deutsche Bank Italia had been handling the Vatican’s credit- and debit-card transactions without the necessary approval.