PYMNTS AM Radar: Digital Dining Habits; Crypto Bank Flagged; Racing for Payments; M&A Enforcement

Today is Friday (April 22), and a crypto bank that was granted a conditional license last year is now being called to the carpet by the Office of the Comptroller of the Currency (OCC) for anti-money laundering (AML) violations. Plus digital payments firm TransferMate will have its logo on the side of a Haas F1 race car. Here’s what else should be on your radar this morning.

Crypto Bank Flagged: Anchorage Digital Bank was flagged by the OCC for violating AML laws. The flagship crypto bank based in Sioux Falls, South Dakota was granted a conditional license last year and failed to adopt a compliance program that meets Bank Secrecy Act and AML protocols, OCC said. READ MORE

Digital Dining: The pandemic fueled the necessity of inventing new ways to dine out — and now that life is mostly back to normal, consumers have more options than ever before: order ahead for pickup, at-home delivery, outdoor dining and indoor seating. Digital Divide: The Key Factors That Drive Restaurant Choice, a PYMNTS and Paytronix collaboration, surveyed consumers to get an in-depth look into how they make the decisions that drive which restaurant to order from or visit. READ MORE

Racing for Payments: Global payments firm TransferMate is an official team partner with the racing outfit Haas F1 Team. The TransferMate logo will be featured on the Haas F1 Team’s VF-22 car and the apparel of drivers Kevin Magnussen and Mick Schumacher throughout the 2022 FIA Formula 1 World Championship. READ MORE

M&A Enforcement: The Federal Trade Commission (FTC) and the Department of Justice (DOJ) are working on new mandates that could include central updates to regulators’ approach to how mergers are analyzed. Gary Zanfagna, chair of the antitrust group at Paul Hastings, told PYMNTS that the new rules have created a landscape of uncertainty. READ MORE