The Vatican can take credit cards again

The visitors of St. Peter and other Vatican sites carry cash this year

Vatican spokesman Federico Lombardi Swiss adeno card payment specialist has been contracted to provide the service, the prohibition in the past six weeks.

"Credit card payments in the Vatican City State are working again, and so the pilgrims as well as tourists who visit St Peter's church every day and can now use the regular payment, including payment of the Vatican museums," Lombardi told reporters.

The Italian Central Bank prevented a long provider Deutsche Bank (DB) to continue to provide pay services since the beginning of 2013.

"The Bank of Italy" is not required to approve the new arrangement because it was not based on adeno in the European Union.

In a statement explaining its decision last month, the European Union law prevents the EU from banks operating in non-EU countries unless they have an adequate system of supervision or are considered "equivalent" for money-laundering purposes. He failed in both cases, the Vatican.

A spokeswoman said adeno, owned by banks in Switzerland, the company has started to provide services of card payments in the Vatican museums on Tuesday, will offer online payments to the Museum's website in the coming days. The sponsors MasterCard (MS, Fortune 500) and visa (v, Fortune 500) has given its approval.

Related: full coverage of the Pope's resignation

Have made Pope Benedict XVI, who announced Monday that he intended to resign at the end of February, Vatican finance reputation obscure one of the priorities, introducing new rules and hiring a lawyer Swiss financial to raise standards to international levels.

But last year a European money-laundering the Vatican found selected still fail to measure up in seven key areas, concluding it may still work to do to prove the existence of an effective system of supervision.

The global reach of the Vatican Bank, the high volume of cash transactions, and lack of information about some of the charitable organizations can make it vulnerable to money laundering, he said.

First published: February 12, 13: 11: 39 am et

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Title Post: The Vatican can take credit cards again
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