Start-up that detects online fraud has billion dollar potential, claims founder

Trustev will be a multi-billion dollar company — the CEO of the start-up,Pat Phelan told UCC students.

Mr Phelan is so confident of his company’s ability to detect fraud that in less than a year Trustev plans to guarantee all online transactions that use the system, he told the business information systems students.

Mr Phelan admitted that he was an unlikely tech start-up success story given his training as a butcher and a chef. “I never went to college. I am a butcher and a chef. They are the only qualifications that I have.”