Geez. Visa is essentially shutting down entire banks, not just third-party processors.
It might have beent he same bank as Globill because in their official announcement they did mention that Visa threatened their *bank* not globill with huge fines so the bank shut them off. And then maybe Visa shut the bank anyway.
I am just in the thick of getting my own merchant account, thinking I will be safer with that. But i guess no one is safe from the menacing visa octopus!!!!