Section 11.04.01.822 - OTHER STORED VALUE INSTRUMENTS AND SYSTEMS01.Stored Value Instrument or System. A racing association may not utilize any form of stored value instrument or system other than a pari-mutuel voucher for purpose of making or cashing pari-mutuel wagers without the prior approval of the Racing Commission,.02.Request for Approval. Any request for approval of a stored value instrument or system must include a detailed description of the standards utilized: a. To identify the specific stored value instrument or account in the pari-mutuel system wagering transaction record;b. To verify the identity and business address of the person(s) obtaining, holding, and using the stored value instrument or system;c. To record and maintain records of deposits, credits, debits, transaction numbers, and account balances involving the stored value instruments or accounts.03.Prevent Wagering Transactions. A stored value instrument or system must prevent wagering transactions in the event such transactions would create a negative balance in an account, and may not operate so as to automatically facilitate a transfer of funds into a stored value instrument or account without the direct authorization of each such deposit transfer by the person holding the instrument or account.04.Affirmation. Any request for approval of a stored value instrument or system must include an affirmation of the ready availability when requested by the Racing Commission. All records and reports relating to all transactions, account records, and customer identification and verification in hard copy or standard electronic format approved by the Racing Commission certification of secure retention of all records for a period of not less than three (3) years or such longer period specified by the Racing Commission.Idaho Admin. Code r. 11.04.01.822