The Wine & Spirits Industry

Sending and receiving foreign payments affects almost every subset of the wine & spirits industry. From importing, exporting, equipment purchasing, and even vineyard acquisitions, we’ve designed a custom solution uniquely suited for this truly global industry.

wine-and-spirits
wine-and-spirits-tablet-landscape
equipment-and-product
equipment-and-product

Barrel and Equipment Imports

Importing product and equipment such as barrels represents some of the largest expenses to a growing company. We’ve taken the time to understand the finer points of these niche industries, and we’ve designed custom solutions to meet the needs of wineries, importers, coopers, and everyone in between.

worldwide-banking-network
worldwide-banking-network

Worldwide Banking Network

Due to our extensive international banking network, we are able to send payments in over 140 currencies to over 235 countries while reducing fees, ensuring your payees receive their entire payment.

virtual-accounts
virtual-accounts

Virtual Accounts

AFX now offers virtual currency accounts to further simplify the exchange process. Virtual accounts are in your name, allowing you to receive foreign currency payments without a local area presence.

online-payments-portal
online-payments-portal

Online Payments Portal

We tailor our systems to match yours. Our technology, combined with our highly-experienced team of payments experts, ensures payments are routed and delivered in the most efficient way possible.

treasury-assistance
treasury-assistance

Treasury Assistance

From day one, we’ll assign you a dedicated foreign exchange expert who is always available to provide you with guidance and support in currency movement and payment flows. No waiting on hold and no call centers: you’ll have one point of contact with in-depth knowledge of the wine & spirit business whenever you need her.

payee-intelligence
payee-intelligence

Payee Intelligence

Just one error can create big delays. Our Payee Intelligence™ tool preemptively prompts users to enter information correctly, ensuring information is error-free before payments are submitted.

Recent Press & Articles

risk reduction

How Should Businesses Offset Risk Surrounding International Payments?

Tony Valente, Senior FX Trader, discusses how to create a foreign exchange payments risk reduction strategy.

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Making the Impossible Possible Through Partnerships

Dan Caputo, AFX Vice President of Global Payment Solutions, discusses how building partnerships with FinTech companies and third-party service providers can allow credit unions to offer more innovative products and services.

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Digital Disruption

What the franchise industry can take away from the food delivery app wars - by Victor Hinojosa, VP of Partnerships

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Four Disruptive Payment Trends to Watch 

Our CEO Jason Mugford writes about the most disruptive payment trends to watch for in the Payments Business Magazine 

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How Financial Institution Can Play to their Strengths by Collaborating with Fintechs

Our VP Global Payment Solutions, Dan Caputo discusses the power of collaboration between financial institutions and fintech companies with Payments Journal.

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Partnerships Promote Better Service - Bank, Fintech and Core Combines to provide enhanced Client Experience

Our VP Global Payment Solutions, Dan Caputo was featured in Wisconsin Banker where he talked about the benefit of partnerships.

 

Resources & Press

Mobility™ - Magazine of Worldwide ERC®

How to Control Cost through Customer-centric Payroll solutions. Technology and processes that provide procedural efficiency and employee confidence.  By Mike Shamburg, VP Global Payment Solutions. 

7K0A0246

Compliance Clears the Road for Business 

This column is part of the Globe Careers' Leadership Lab Series

keep_safe

A Former Mountie's War on Bank Fraud

Global Banking and Finance

Latest Blog Posts

weekly-dispatch- oct 19

Weekly Dispatch - October 19, 2020

"Bitcoin & The Great Reset"

Any time the Japanese yen is the top performing currency for the week, you know that the mood of the market is risk aversion, aka “Risk Off”... Read more

weekly-dispatch-sept 28

Weekly Dispatch - September 28, 2020

"The Wall of Worry"

Veteran traders and investors approach the latter part of September and the month of October with a large degree of trepidation, as historically those two months have seen near-catastrophic equity market sell-offs..  Read more

weekly-dispatch- sept 21

Weekly Dispatch - September 21, 2020

"Babies not Money"

I’m going to let you in on a little secret: there’s not going to be a V-shaped recovery. Shocking, isn’t it? Economic reports from most of the major economies continue to show that the pace of the Covid recovery has slowed... Read more

weekly-dispatch-sept 14

Weekly Dispatch - September 14, 2020

"Brexit Renege"

The NZD, CAD, and GBP had the largest percentage move over the last week against the USD. On the end of the spectrum, the countries with negative interest rates outpaced the majors... Read more

weekly-dispatch- august 31

Weekly Dispatch - August 31, 2020

"This Time We'll Get it Right"

“Promise. PROMISE.” Noted physicist Albert Einstein once remarked that insanity consists of doing the same thing over and over and expecting a different result... Read more

weekly-dispatch-aug 17

Weekly Dispatch - August 17, 2020

"Signs of Life?"

Following my colleague’s excellent technical analysis of the currency markets last week (2k Asks: Where’s the V?) it appears that, after a long hiatus, fundamental analysis of the economy may now be appropriate... Read more

weekly-dispatch- aug 10

Weekly Dispatch - August 10, 2020

"2k Asks: Where's the V?"

There wasn’t a lot of movement in the major currencies last week: only three quarters of one percent separate the best from the worst.. Read more

weekly-dispatch-aug 4

Weekly Dispatch - August 4, 2020

"Capitulation"

In recent months it has become increasingly clear – if it wasn’t already – that central banks are calling the shots in global capital markets... Read more

weekly-dispatch- july 27

Weekly Dispatch - July 27, 2020

"Dollar Interlude"

In the 1999 movie The Matrix, Morpheus offers Neo a choice between taking either a "red pill" that reveals an unpleasant truth or taking a "blue pill" to remain in blissful ignorance. Can you guess which one the USD is choking on?... Read more

weekly-dispatch-july 6

Weekly Dispatch - July 20, 2020

"Japanification"

Noun; the process of becoming like Japan, i.e. with vast government debts, ultra-low interest rates, near-deflation, and minimal economic growth... Read more

weekly-dispatch- july 13

Weekly Dispatch - July 13, 2020

"Cross to Bear"

The USD under-performed against the majors last week, except versus the CAD. The CAD was down a third of a cent against the greenback and is the worst performing currency... Read more

weekly-dispatch-july 6

Weekly Dispatch - July 6, 2020

"The Numbers Don't Lie..."

…but they can be subject to interpretation. Since the official declaration of the COVID-19 pandemic in March, fundamental measures of the economy (such as joblessness, inflation, retail sales and the like) have been largely ignored. The recently ended second quarter of 2020 was such an unmitigated economic disaster that the aforesaid metrics were, frankly, meaningless.. Read more

weekly-dispatch- june  29

Weekly Dispatch - June 29, 2020

"The Unthinkable"

With only 1% separating the best and worst performers, major currencies traded in a narrow range last week as risk sentiment took a punch in the gut. The risk off mode started last Sunday when China hawk, Peter Navarro, replied, “it’s over” to a Fox News reporter asking about the Phase 1 trade deal... Read more

weekly-dispatch-may 25

Weekly Dispatch - June 8, 2020

"Surprise! Surprise!"

We have long found it gratifying to see economists and market pundits proven incorrect in pessimistic forecasts. Not just wrong, but completely wrong.  Last Friday’s employment statistics on both sides of the border was one of those all-too-rare occasions... Read more

weekly-dispatch- june 1

Weekly Dispatch - June 1, 2020

"Golden Rule"

Almost every currency was up against the USD last week on continued risk appetite in global equity markets as global economies gradually move to reopen after coronavirus shutdowns. Month-end adjustments to portfolio hedges after a monthly rally in May for US equities also weighed on the USD... Read more

weekly-dispatch-may 25

Weekly Dispatch - May 25, 2020

"Are We There Yet"

The past week witnessed an escalation in Sino-US trade tensions, an aggressive stance taken by Chinese authorities with respect to Hong Kong, and a surprise economic announcement by, again, the Chinese government.  Any one of these three actions would be tension-provoking; all three coming in the same week suggests a crisis atmosphere.. Read more

weekly-dispatch-may 19

Weekly Dispatch - May 19, 2020

"Golden Rule"

Risk sentiment was the prevailing market force last week in the currency market. It was a risk-off mood in the equity markets, which favours the USD and currencies that have negative interest rates such as the swiss franc, euro, and yen. Sentiment was soured by news that the trade war was back... Read more

weekly-dispatch-may 4

Weekly Dispatch - May 4, 2020

"The Reopening - Sell in May"

After the Great Lockdown comes the slow and staggered reopening in North America, the European Union, and parts of Asia. This should also mark the peak in economic contraction as all those downward sloping charts of economic indicators over the past couple of months should stop looking like downhill ski slopes and start to form a bottom. This does not mean that the data will stop being shocking, since the incoming data lags the economic activity on the ground. .... Read more

weekly-dispatch-april 27

Weekly Dispatch - April 27, 2020

"Negatory"

The past several weeks have certainly been an eye-opener. Massive declines in equity markets followed by robust rallies, government spending at near-incomprehensible levels along with central bank easing (read: money-printing), and nothing has been more surprising than crude oil (the ‘black gold’ of commodities) trading at a negative price. What’s going on here? Let’s take a closer look... Read more

weekly-dispatch-april 20

Weekly Dispatch - April 20, 2020

"The Great Lockdown"

It’s official, they have a name for it now. The worst economic downturn since the Great Depression, caused by the coronavirus pandemic, has been labeled the Great Lockdown by the International Monetary Fund. In its semi-annual report, the IMF estimates that global gross domestic product will shrink 3% this year, far worse than the 0.01% contraction amid the Global Financial Crisis of 2008. ... Read more

weekly-dispatch-april 14

Weekly Dispatch - April 14, 2020

"What's Next?"

There is a widely quoted Chinese saying: “may you live in interesting times”. Such are the times in which we now find ourselves. Consequently, fundamental analysis of corporations and the economy in general are largely pointless at present. Given the extreme uncertainty in the economy, many companies are cancelling their forward guidance– and who can blame them?... Read more

weekly-dispatch-april 6

Weekly Dispatch - April 6, 2020

"Act II: It's Not Pretty"

Act I of the COVID-19 pandemic has played out. The “shoot first ask questions later” deleveraging of assets caused the Federal Reserve and other central banks around the world to move aggressively to ease the disruption in the financial markets..... Read more

weekly-dispatch-mar 30

Weekly Dispatch - March 30, 2020

"Bazooka Joe"

Last week, the preferred metaphor of the financial media was “bazooka”. Although it was overused, it accurately described the actions of governments and central banks in dealing with the economic fallout of the ongoing coronavirus epidemic. Let’s take a brief look at what our betters were up to.... Read more

COVID-19 Update - March 24, 2020

COVID-19 Update

As you may know, AscendantFX is headquartered in Toronto, Ontario, Canada. Yesterday, the Ontario government announced the mandatory closure of all non-essential businesses in the province before 11:59 PM tonight (Tuesday, March 24th).. Read more

COVID-19: Our Message to You

COVID-19: Our Message to You

To our valued clients and partners:

As we are sure you are aware, the United States and Canada have been increasing social distancing and self-isolation measures in an effort to slow the spread of coronavirus and COVID-19.. Read more

weekly-dispatch-Feb24

Weekly Dispatch - February 24, 2020

"Supply Chain Contagion"

Two weeks ago, we discussed how the market was struggling to price in what's happening with the Novel Coronavirus (COVID-19) outbreak, since the knock-on effects were still unknown.. Read more

weekly-dispatch-feb 18

Weekly Dispatch - February 18, 2020

"The First Casualty"

Last week witnessed a slew of secondary economic releases in America, along with some Fedspeak from Fed chair Jay Powell, a complete lack of Canadian news (other than the ongoing rail blockades and traffic disruptions), and uncertainty about the coronavirus outbreak, now officially named COVID-19.  Let’s sort it out and see what we can learn.... Read more

cyber crime tech support jan 2020

Cyber-Crime Blog Series

"Wolves in Sheep's Clothing: Tech Support Fraud"

We trust that Tech Support will save us [...] Sadly, this kind of blind trust is the perfect tool for con artists. Read more

weekly-dispatch-Dec 16 2019

Weekly Dispatch - December 16, 2019

"Done, Done, and (kinda) Done"

Last week witnessed a veritable housecleaning of sorts, with some major nagging issues resolved (or at least moving forward). Let’s take a look, shall we... Read more

weekly-dispatch-dec 9 2019

Weekly Dispatch - December 9, 2019

"Of Engines and Trains"

In light of strong US employment numbers released last Friday, and what appears to be mixed signals elsewhere in the global economy, the railway train metaphor seems apt. Let’s take a closer look, starting with the True North... Read more

weekly-dispatch-November-25

Weekly Dispatch - November 25, 2019

"Good Cop Bad Cop"

The yen was the best performing currency on the week as a result of safe-haven flows as equity markets continued their downward trend. Despite gains on Friday, both the S&P 500 and the DJ Stoxx 600 ended their 6-week winning streaks... Read more

 

cyber-crime-ransomware

Cyber-Crime Blog Series

"Ransomware: Don't Be Held Hostage"

Cyber-crime is criminal activity carried out using the internet, computers, or mobile devices. It is a major threat to businesses and individuals, and involves fraudsters or hackers unlawfully accessing confidential data... Read more

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