Questions regarding the Visa/Mastercard issue has been brought up a few times. Here is more clarification:

We are working with banks directly and will not have the same denial issues others have because they are using 3rd party payment processors. We will even have a built in KYC/Verification process that Visa themselves is rolling out.

Most Bitcoin related business's are bootstrapping the process, for example using merchant accounts that were approved for other purposes. We will be the FIRST that is actually approved to process for a Bitcoin exchange.