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ABA, FSR and Other Financial Trades to Operate .bank(Targeted News Service Via Acquire Media NewsEdge) WASHINGTON, Sept. 29 -- The American Bankers Association issued the following news release: ICANN, the governing body of Internet domains, has authorized fTLD Registry Services to operate the new financial top level domain ".bank." fTLD, founded and operated by the American Bankers Association, Financial Services Roundtable and other industry organizations, expects the domains to be ready for use in 2015. ".bank" - one of over a thousand new domains being unleashed on the Internet - will help provide a more protected, trusted and easily identifiable space on the Web for verified banks and the customers they serve. "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," said Frank Keating, ABA president and CEO. "We took this on in order to protect the interests of our industry and preserve customers' trust in banking." "Operating '.bank' is a key step towards providing consumers a more secure place to bank on-line, and it will a helpful tool in better protecting personal data," said FSR president and CEO Tim Pawlenty. ABA and FSR helped establish fTLD to apply for and operate the domain in 2012 when it became clear that ICANN would accept applicants for the ".bank" top-level domain. The new domain will have enhanced levels of security and adhere to 31 strict standards developed by ABA and FSR. In addition to strict registration requirements, the new domain will help prevent users from being redirected to fake bank websites, help make it more difficult for criminals to create spoofed e-mails from a ".bank" domain, provide a higher level of encryption, and more. When the .bank domain is available for registration, fTLD will have a website where banks will be guided through the registration process. To learn more about ".bank," bankers and consumers can visit aba.com/dotbank. About the Financial Services Roundtable The Financial Services Roundtable represents the largest integrated financial services companies providing banking, insurance, payment and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. FSR member companies provide fuel for America's economic engine, accounting for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs. Learn more at FSRoundtable.org. [Category: Banking] TNS 18EstebanLiz-140930-30FurigayJane-4879080 30FurigayJane (c) 2014 Targeted News Service |