Fintrax Group

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Premier Tax Free and Premier DCC are part of the Fintrax Group. For over 30 years, the Fintrax Group has been an industry pioneer, providing the best in tax free shopping and payment services to overseas visitors, international retail groups and banks around the world.

Fintrax Group is the parent company to the following companies:

 

Fintrax Payment Systems
International payments company, experts in providing banking and retail institutions with multicurrency payments and processing solutions. This includes the patented Dynamic Currency Conversion (Premier DCC) system, multi-currency cheque issuing, and POS software development.

Click here to read more about DCC for Acquirers.

Click here to read more about DCC for Merchants.

 

Premier Tax Free
VAT refund and consulting services, providing retailers with an innovative and easy-to-use Tax Free shopping (VAT refunds) solution, and Shoppers with a quick and comprehensive refund network.

Click here to read more about Tax Free shopping.

 

Fintrax Treasury
Specialist treasury and foreign exchange services, providing treasury and foreign exchange expertise to acquirers. Fintrax Treasury has the ability to tailor solutions to meet the needs of acquirers for Premier DCC and has in-depth knowledge of multicurrency processing via Visa and MasterCard.
 

Working in 28 countries

  • Austria
  • Belgium
  • Czech Republic
  • Cyprus
  • Colombia
  • Denmark
  • Faroe Islands
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Luxembourg
  • Mauritius
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Poland
  • Portugal
  • Singapore
  • Spain
  • Sweden
  • Switzerland
  • United Kingdom

History

1985: Founded in Galway, Ireland as Cashback Ltd., facilitating VAT refunds for international visitors to Ireland. First company to introduce the innovative Double Sale System that completely eliminates back office admin for merchants.

1993: First company to allow merchant to sell Tax–Off directly in store by taking a credit card guarantee on a new unique tax free voucher (for Sephora).

1994: First company to rollout an in-store cash refund desk, where immediate refunds paid in cash in store by multi-lingual customer service staff (for Marks and Spencer).

1995: First company to set up a downtown refund point that allows tourists to get their refund before they get to the airport, thus avoiding long airport queues.

1997: First company to set up cash refund points in mainland China and South Korea.

1999: First DCC transaction on a payment’s terminal in Paris (for Christian Dior).

1993–1999: Business expanded throughout Europe, launching in France and then opening operations in the United Kingdom, Italy, Switzerland, Spain, Austria, Belgium, the Netherlands, Germany and Poland.

1999: Our Research and Development team created and patented DCC. Following this, intelligent eligibility detection for card payments was introduced to all POS devices.

2000: First company to print a Tax Free form in the UK from a payment terminal with automatic recognition of foreign eligible tourists.

2002: Premier Tax Free was launched as the new worldwide brand and trademark and the group renamed to Fintrax. We opened offices in the Czech Republic, Singapore, Denmark, Portugal, Hungary, Morocco and Sweden.

2004: First company to setup a fully integrated solution for a department store that allows the printing of Tax Free forms at each cash till point (for Harvey Nichols).

2005: The Fintrax Research and Development team created the first- ever integrated EPOS Tax Free solution, which was quickly deployed to a luxury British department store.

2008: First company to setup an all-in-one system on a payments terminal rolled out in all of their European stores. Full Acquiring of all credit card transactions/DCC/Gift Card/printing of Tax free forms (for Ralph Lauren).

2009: Premier Tax Free won a Retail Systems Award for ‘Cards and Payments Solution of the Year’ for Premier Integrated, a year after it was deployed into another British department store.

2011: Recorded an increase in Tax Free shopping transactions by 150% in a luxury fashion retailer following the installation of Premier Automatic with DCC.

2011: First company to launch an automated/integrated/self-service Tax Free printing solution for department stores (for Printemps).

2013: Premier Tax Free merged with Tax Free Worldwide to create a substantially enhanced tax refund business. The combined business trades as Premier Tax Free, offering the most advanced tax refund process in the market.