Vatican credit stop emblematic of finance woes

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Posted: Thursday, June 13, 2013 12:00 am

VATICAN CITY (AP) - The Vatican put a new coin on sale last week to commemorate its historic papal transition. Too bad overseas collectors won't be able to buy it for months.

The Associated Press has learned that the Vatican still hasn't fully resolved an embarrassing shutdown in credit card services, despite announcing four months ago that systems were back up. The impact has been far worse than the Vatican ever let on, costing the Holy See lost sales at a time when Pope Benedict XVI's shock resignation and Pope Francis' surprise election laid the groundwork for a bonanza in Vatican-minted papal memorabilia.

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