August 15, 2025 — CardNest LLC, a new cutting-edge Artificial Intelligence (AI) and Machine Learning (ML) fraud prevention technology company founded and developed by Dr. Eric Ackaah, today announced a major leap forward in online card transaction security with the launch of its CardNest™ solution. This breakthrough innovation is designed to proactively and in real-time scan, detect, analyze, and prevent online credit and debit card fraudulent activities before transactions occur—empowering businesses, payment processors, and merchants to protect revenue, reduce chargebacks, and maintain customer trust.

In a significant milestone, CardNest LLC has entered into a strategic partnership with RytePay, a multi-million-dollar California-based payment service business founded by Cody Fields. As one of the leading secure payment gateway providers in the United States, RytePay processes millions of transactions annually for clients ranging from high-risk small businesses to enterprise-level eCommerce platforms.

After personally using the CardNest solution, Mr. Fields was immediately convinced of its game-changing potential, noting:

“CardNest’s AI-powered fraud prevention is exactly what the payments industry needs. This technology addresses one of the most pressing challenges merchants face—fraudulent transactions—and does so with remarkable accuracy and speed.”

The Technology Behind CardNest

CardNest™ is powered by its custom-developed advanced Artificial Intelligence and Machine Learning algorithms that continuously scan, detect, analyze, learn, and prevent online card fraudulent activities from global transaction data patterns to identify anomalies and fraudulent behavior before they impact businesses. The system operates with real-time scanning and threat detection, integrating seamlessly into payment gateways, merchant platforms, and financial institutions.

Key technical highlights include:

• Detection of every security feature on every bank debit or credit card - blocking fake transactions, cards, and continuously building intelligence on every card.
• PCI-Compliant Architecture ensures industry-standard data protection.
• AES-256 Encryption for all scanned data, with decryption occurring only within the client’s secure infrastructure—no scanned card information is ever stored on CardNest servers.
• Adaptive fraud modeling that evolves with emerging cyber threats.
• Low-latency performance to ensure instant fraud decisions without slowing legitimate transactions.
• Continuously preventing online fraudulent activities before transactions or checkout even occurs
• Building confidence and ensuring advance safety processes for business - this helps avoid chargeback issues and termination of merchant accounts
• The best solution to help businesses stays in compliance with the new VISA VAMP changes in the TC40’s Visa Fraud Reports which was recently released to cap down on businesses with chargebacks due to high growth of online card fraud.

Impact on the Payments Industry

With online card fraud costing U.S. businesses over $12.5 billion in 2024 alone, CardNest is positioned as a critical solution for banks, eCommerce merchants, remittance companies, financial institutions, and SaaS platforms seeking to safeguard digital transactions.

Through its partnership with RytePay, CardNest will be deployed across a diverse portfolio of merchants, adding a robust fraud prevention layer that helps businesses reduce losses, maintain regulatory compliance, and protect customer trust.