ICANN, the international body that governs Internet domains, has authorized fTLD Registry Services to operate the newly created ‘.bank’ domain.
fTLD — founded and operated by ABA, the Financial Services Roundtable and other industry organizations — expects .bank to be available in 2015 for registration exclusively by verified banking industry participants.
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ABA president and CEO Frank Keating said: "Our organizations took the lead on this to ensure that the banking industry — not outsiders — would operate .bank, and that only legitimate members of the banking community could have a .bank site.
"We took this on in order to protect the interests of our industry and preserve customers’ trust in banking."
ABA and FSR established fTLD in 2012 when ICANN signaled that it would accept applicants to operate .bank and an array of new top-level domains being created to join the more familiar .com, .org and .net.
fTLD said it will employ strict standards for registration and security.
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By GlobalDataThe new domain is expected to help prevent users from being redirected to fake bank websites, help make it more difficult for criminals to create spoofed emails from a .bank website and provide a higher level of encryption.
