= Subscriber content; log in or subscribe now to access all American Banker content.

Financial Services Roundtable to Operate '.bank' Domain


The Financial Services Roundtable and American Bankers Association are close to operating the .bank internet domain, the group says.

The move, the Financial Services Roundtable noted in a blog Friday, marks "a major step to secure the online presence of banks and the services they provide to their customers." Having a top level .bank domain, "will provide a high-security, easily identifiable space on the Internet for verified members of the banking community and other related for-profit and nonprofit entities," according to the group.

FSR and ABA formed fTLD Registry Services in 2011 to obtain ownership and operation of top-level domains important to the financial industry.

The use of .bank and .insurance is expected to create "brand value and awareness for the members of the banking and insurance communities," FSR said. In addition, the space will operate under "strict security standards that go above and beyond the security level" of the commercially available websites.

"We expect this will strengthen consumer confidence in the industry and help thwart potential criminal efforts to redirect customers to counterfeit bank websites," the blog stated.

Some of the security requirements for banks and insurers will include Domain Name System Security Extensions that will offer e-mail authentication to prevent spoofing, phishing and other malicious activity.

Banks will have the option to apply for .bank domain names before they are made available to the public for purchase. The .bank domain is expected to be ready for use in 2015.



Top 10 Tech Companies to Watch
To identify the fintech startups deserving of special recognition this year, a team of American Banker editors, BAI staff and consultant Jeanne Capachin debated the merits of self-nominees and companies we know. These are the ten that matter for 2015.

Image: Fotolia

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.