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Dot-Bank Domains

Posted on 6/10/2011

The Internet Corporation for Assigned Names and Numbers (ICANN), the governing body of Internet domains, is expected to begin accepting applications for new domains in late 2011. The application process could result in hundreds of new domains like ".bank." This presents both threats and opportunities for any company, but especially for banks, which have a reputational interest in ensuring that any entity calling itself a bank is, in fact, a regulated, federally insured depository institution. ICANN has solicited applications for the creation of generic top level domains (gTLDs) on two other occasions. Currently, there are 21 gTLDs, including .com, .net and .org. The ABA is exploring whether to apply to become a registrar for ".bank" in order to prevent misuse of the domain and to work with the industry to ensure customer confidence in the domain's legitimacy and security. You can help in that effort by providing feedback to the ABA through this link: https://aba.qualtrics.com/SE/?SID=SV_6D2e7Zb50Ea47be


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