No federal law governs payments made in:

A) point-of-sale terminals for ATM cards.
B) telephone or Internet transfers between bank or credit union accounts.
C) virtual currencies.
D) preauthorized payments.

Virtual Currencies

Digital or online currencies that use cryptography for security and operate independently of a central bank.

Point-of-sale Terminals

Electronic systems used at retail locations to process card payments and manage sales transactions.

Preauthorized Payments

Financial transactions that are set up in advance to regularly move funds from one account to another, commonly used for recurring bills and subscriptions.