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.bank Domain Name

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{{TLD| |logo = |status = Delegated |manager = |country = |registryprovider = |date = 09 January 2015 |type = [[gTLD|Generic]] |category = [[:Category:Commerce New gTLDs|Commerce]] |community = |priority = |keypeople = }} '''.bank''' is a [[TLD]] delegated in [[ICANN]]'s [[New gTLD Program]]. [[fTLD Registry Services LLC]] manages the TLD and is its [[Registry]]. The proposed application succeeded and was delegated to the [[Root Zone]] on 09 January, 2015.[http://newgtlds.icann.org/en/program-status/delegated-strings Delegated String, ICANN.org] Retrieved 31 Mar 2015 ==Applicants== # [[fTLD Registry Services LLC]], a joint project between [[American Bankers Association]] (ABA) & [[BITS]], the technology policy arm of the Financial Services Roundtable.[http://domainincite.com/bits-may-apply-for-six-financial-gtlds/ BITS may apply for six financial gTLDs] Its application has been filed as a [[Community gTLD|Community Application]]. # [[Radix]] ([[Dotsecure Inc.]])[http://newgtlds.icann.org/en/program-status/application-results/strings-1200utc-13jun12-en Reveal Day 13 June 2012 – New gTLD Applied-For Strings], a subsidiary business established by [[Directi]] Group to apply for 31 new gTLDs.[http://www.radixregistry.com/radix-applies-for-31-strings-newgtlds.php] The International Banking Federation filed a community objection against the application.[http://www.iccwbo.org/products-and-services/arbitration-and-adr/expertise/icann-new-gtld-dispute-resolution/pending-cases/ Pending Cases, ICCWBO.org] Retrieved 14 May 2013 ==Application Details== ===ABA and BITS=== The partnership between ABA and BITS for the .bank domain was created to ensure the safety and security of the industry's online operations and customers' information. “Consumers need to feel confident that when they go to a .bank or .insurance site, that a trusted third-party has vetted these domains names,” said Doug Johnson, ABA vice president of risk management. “New financial domains will be a detriment – rather than asset – if they cannot be trusted. That’s why our groups are leading this effort.” [http://www.bankinfosecurity.com/4-online-security-reasons-for-bank-a-4818] The .bank application by [[American Bankers Association]] (ABA) and [[BITS]] is headed by [[Craig Schwartz]], former Chief gTLD Registry Liaison of ICANN. He served as General Manager for Registry Programs of the project.[http://domainincite.com/senior-icann-staffer-hired-by-bank-project/ Senior ICANN Staff Hired by .bank Project] According to Schwartz, ABA and BITS will establish a new company that will be responsible for filing the application for .bank. A community-designated application was filed to avoid the ICANN auction in anticipation for any possible string contention from other applications. Schwartz explained, “We’ve looked at the scoring and while it may not come into play at all, we do believe we can meet the requisite score. But we’re certainly mindful of what’s happening in the space, there’s always the possibility of contention." He added that their plan is to begin the operations of .bank as a business to business and it will be primarily used for secure inter-bank transactions and will partner with several ICANN accredited registrars able to meet the company’s security requirements.[http://domainincite.com/bits-may-apply-for-six-financial-gtlds/ BITS may apply for six financial gTLDs] In April 2011, ABA & BITS announced that they signed a contract with Verisign to serve as their exclusive provider of back-end registry services.[http://domainincite.com/verisign-now-front-runner-for-bank/ Verisign Now Frontrunner for .bank] In December 2011, the partnership submitted to ICANN 31 proposed requirements to ensure the stability and resiliency of “high security” gTLDs like .bank and .pay, covering topics from registration, acceptable use policies, abusive conduct, law enforcement, compliance registrar relations and data security. BITS calls the proposed gTLDs intended for the use of the financial industry as “fTLDs.” In addition, the organization strongly urged the internet governing body to accept the standards proposed by the Security Standards Working Group ([[SSWG]]). Seventeen companies are endorsing BITS proposal.[http://domainincite.com/high-security-bank-spec-published/ High-security .bank spec published] The 2011 Proposed Security, Stability and Resiliency Requirements for Financial TLDs submitted by BITS to ICANN is available [http://www.bits.org/publications/doc/SSWGOutreachICANN122111.pdf here]. The ABA and Roundtable initiative is endorsed by the Australian Bankers' Association, American Bankers Insurance Association, British Bankers' Association, European Banking Federation, Independent Community Bankers of America, the International Banking Federation, and numerous financial services institutions.[http://insurancenewsnet.com/article.aspx?id=344544 ABA and the Financial Services Roundtable Apply for Financial Domains to Protect Consumers] The ABA hopes that a .bank TLD would allow a clearly delineated online banking community to develop in a way that phishing and malware, and spoof bank sites, are made more evident by their lack of a .bank extension. They have recommended 31 security measures and authentication requirements to ICANN for the delegation of .bank to any applicant.[http://www.bankinfosecurity.com/abas-take-on-bank-a-5050/op-1 ABAs Take on Bank 1 5050, BankInfoSecurity.com] ===Domain Security Company Ends Pursuit of .bank=== On August 31, 2010, Mary Iqbal, CEO of Domain Security Company filed an application (85, 120, 345) with the United States Patent Office (USPT) as the rightful owner of the .bank intended for domain name registration services.[http://domainnamewire.com/2010/09/08/trademark-application-filed-for-bank-top-level-domain-name/ Trademark Application Filed for .Bank Top Level Domain Name] A similar patent application for .bank was also filed by the company in Pakistan. According to Iqbal, she had been working on the idea for several years and she is serious about her application with ICANN to become the registry operator of the .bank TLD. On January 10 2012, the USPTO issued the patent no. 4, 085, 335 for .bank to Asif LLC, the previous name of Domain Security Company.[http://domainincite.com/tiny-start-up-secures-bank-gtld-trademark/ Tiny start-up secures .bank gTLD trademark] However on January 19, the USPTO cancelled the patent because of error. In a letter sent to the company’s lawyer, the USPTO explained that a protest letter filed against the trademark was not processed before entering it in the Supplemental Registration. Under Trademark Act 1, 2, 3 and 45... TLD would not be perceived as trademark.” The trademark office cited it has the “broad authority to correct mistakes.”[http://domainincite.com/bank-trademark-canceled-after-mistake/ .Bank Trademark Canceled After “Mistake”][http://domainincite.com/docs/USPTO-bank-withdrawn.pdf USPTO Letter Regarding Patent 4,085,035 .bank mark] On June 12, 2012 Domain Security Company announced, via a post on their website, that they they will no longer pursue .bank and "will no longer be participating in the ICANN application process for new Top Level Domains." [http://www.domainsecurity.co/home.aspx/ Domain Security Company No Longer Pursues .bank] ===Radix=== Radix received a [[GAC]] Early Warning as an entire applicant, where each one of the applicants was flagged by the U.S. Government. This seems to be the only time a portfolio applicant had all of their applications warned. The issue does not deal with the technical capabilities or thematic content of their applications, but rather the inclusion of an email address associated with the US' Federal Bureau of Investigation. It seems that Radix included correspondence with this address as a recommendation with each of their applications.[https://gacweb.icann.org/download/attachments/22938690/RadixReg-US-31.pdf?version=1&modificationDate=1353452704000 RadixReg. GACweb.ICANN.org] Retrieved 27 Nov 2012 ==Reactions== Companies within the financial sector have had varying reactions regarding the proposed .bank gTLD. Some believe that it will help curb incidences of domain name abuse. Avivah Litan, an analyst from Gartner, said that a TLD dedicated to banks and banking will provide more security because monitoring would be easier. Litan explained that under the [[.com]] TLD, anyone can register a domain name. Forrester Research marketing analyst Jeff Ernst said that several big banks are considering applying for their own TLD registry, while smaller banks are considering using a .bank domain name.[http://www.americanbanker.com/btn/24_12/dot-bank-gets-mixed-reviews-1044372-1.html Dot Bank Gets Mixed Reviews] ===Reaction from OSFI Canada=== On November 13, 2009, the Office of the Superintendent of the Financial Institutions in Canada (OSFI) informed ICANN through a letter addressed to [[ICANN CEO]] [[Rod Beckstrom]] about the possible problems in connection with Canada's Bank Act that would be faced by entities applying for a .bank gTLD. Under the provisions of the regulation, any person is prohibited from using the word bank to indicate or describe a financial service other than banks regulated by OSFI. In lieu, the OSFI explained that any entity in Canada found using a .bank gTLD in violation of Canada's Bank Act will be required to abandon the domain name regardless of associated costs or expenses incurred.[http://www.icann.org/en/correspondence/evanoff-to-beckstrom-13nov09-en.pdf OSFI Letter to Beckstrom regarding the proposed .bank gTLD] ===Concerns from European Banking Authority (EBA)=== On February 2012, the European Banking Authority expressed its concerns to ICANN regarding the possible risks of proposed financial TLDs such as .bank and .fin. According to EBA chair Andrea Enria, consumers may assume that a particular operator of a particular site under the .bank domain space is a regulated entity by a competent authority in their own country. EBA was also concerned with the possibility that banks and other regulated entities would need to spend significant amounts of money to protect their trademarks from abuses and frauds. Enria also cited that the benefits in operating the proposed TLD is not yet established and there are still technical issues that needs to be discussed and resolved. EBA requested ICANN to ban any applications for the two proposed financial TLDs.[http://eba.europa.eu/cebs/media/Publications/Consumer%20Protection/EBA-BS-2011-197--EBA-Comments-on-Top-Level-Domain-Names--bank-and--fin-.pdf Comments of the European Banking Authority on the Planned Top level Domains .bank and .fin][http://domainincite.com/europe-to-warn-consumers-about-bank-risks/ Europe to warn consumers about .bank “risks”] [http://news.dot-nxt.com/2012/03/08/eba-dot-bank-warning EBA asks ICANN to scrap dot-bank] ICANN COO [[Akram Atallah]] sent a response letter to Enria and explained that the new gTLD program does not prohibit the application for the two possible gTLDs in question. Atallah also informed Enria about the available objections which can be utilized by EBA such as the string confusion objection, legal rights objection, limited public interest objection, and community objection. In addition, he also cited that the Governmental Advisory Committee may also provide advice or an early warning regarding the proposed new gTLDs. Atallah encouraged EBA to monitor the ICANN website until the closing period of the application process to determine the actual applicants for the .bank and .fin gTLDs and to work with them regarding their concerns on the use of the strings.[http://news.dot-nxt.com/sites/news.dot-nxt.com/files/atallah-to-enria-01mar12-en.pdf ICANN's Response to EBA] ===European Commission Communiqué=== The [[European Commission]] flagged both .bank applications outside of ICANN's defined remediation processes. Just after [[ICANN]]'s [[GAC]] issued its Early Warnings, which are advice given from one GAC member country to an applicant warning it of potential issues within its application, the [[European Commission]] issued a letter to all applicants within the [[New gTLD Program|new gTLD program]]. The letter highlights 58 applications that "could raise issues of compatibility with the existing legislation .. and/or with policy positions and objectives of the European Union." It notes a desire to open a dialogue with each offending applicant. The Commission specifically notes that this objection is not a part of the GAC Early Warning process, and goes on to note that "the Commission does not consider itself legally bound to [ICANN] processes," given that there is not legal agreement between the two bodies.[http://domainincite.com/docs/20121127093808906.pdf DomainIncite.com/Docs] Published 27 Nov 2012, Retrieved 11 Dec 2012[http://domainincite.com/11130-europe-rejects-icanns-authority-as-it-warns-of-problems-with-58-new-gtlds Europe Rejects ICANNs Authority As it Warns of Problems with 58 New gTLDs, DomainIncite.com] Published 27 Nov 2012, Retrieved 11 Dec 2012 ==References== {{reflist}} [[Category:TLD]] [[Category:Commerce New gTLDs|bank]] __Notoc__

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Registrar Details

BANK Domain Name
Introduced
2014
Contacts
fTLD Registry Services LLC
600 13th Street, NW, Suite 400
Washington, District of Columbia 20005
US
Tel
+1 202 589 2532
www.ftld.com
Registry Website
https://whois.nic.bank/