Vatican can't take credit card payments | Synopsis

Vatican can't take credit card payments

Vatican City - Rome, Italy by Lee Cannon
License (according to Flickr): Attribution-ShareAlike License

Excerpt:

If you're planning on visiting the Vatican any time soon, take plenty of cash for tickets and souvenirs. Vatican museums and shops have been unable to accept credit or debit card payments since Jan. 1, after the Bank of Italy prevented Deutsche Bank from providing the service due to concerns about financial oversight in the city-state, sources familiar with the matter told CNNMoney. The world's smallest state is home to the Pope and such popular tourist sites as St. Peter's Basilica and the Sistine Chapel, attracting some 5 million visitors per year. The Vatican has taken several steps in recent years to improve its record on banking supervision. But a report last year by Moneyval -- an independent group of European experts -- found it was still falling short of international standards to tackle money laundering and other financial crimes.

Keywords:

bank Deutsche Bank vatican museums debit card Italy debit card payments consequence Deutsche Bank popular tourist sites U.S. tax case service Sistine Chapel financial oversight Swiss bank smallest state St. Peter central bank independent group European experts international standards banking supervision sources single supervisor financial crimes service providers Italian arm Richard Greene similar concerns in-depth assessment banking regulation Moneyval report tickets credit Jan. CNNMoney city-state inconvenience interruption souvenirs Basilica authorization plenty time world home Pope visitors permission record agreement statement

People:

Richard Greene

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Pope

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Additional Info:

Company: Deutsche Bank

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Disambiguation: Person | BoardMemberReferences:

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• Deutsche Bank: semanticCrunchbase

Company: Bank of Italy

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Disambiguation: Location | Facility | BuildingReferences:

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• Bank of Italy (USA): umbel
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City: Vatican

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Disambiguation: Country | GovernmentalJurisdiction | TouristAttractionReferences:

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• Vatican City: opencyc
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FieldTerminology: central bank

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Tags Details

Source Webpage: Vatican can't take credit card payments

Provided Desc:

If you're planning on visiting the Vatican any time soon, take plenty of cash for tickets and souvenirs.

Provided Title:

Vatican can't take credit card payments

Provided Keywords:

• bank of italy
• cash
• credit card
• debit card
• Deutsche Bank
• mark thompson
• Vatican

Data Sources

Full Content: http://rss.cnn.com/~r/rss/money_latest/~3/_bPF4J-2dBI/index.html

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