Home / News I have a News Tip

New gTLDs Posing Opportunity and Challenge to Banks

While a more secure online banking may be offered should banks choose to take advantage of ICANN's recently liberalized generic Top-Level Domains (gTLDs) application process, some banks may have difficulty taking advantage of their new domain-name liberty because of their "klunky names", according to nomenclature specialist Naseem Javed, founder of New York-based ABC Namebank. Additionally the American Bankers Association is concerned that whatever entity ends up controlling the .bank domain could either charge high fees to financial institutions wishing to protect their intellectual property or fail to securely operate such domains, damaging consumer confidence in the internet channel.

Read full story: External Source

Related topics: Cybersecurity, Domain Names, Registry Services, Top-Level Domains

 
   

Don't miss a thing – get the Weekly Wrap delivered to your inbox.

Comments

To post comments, please login or create an account.

Related Blogs

Related News

Explore Topics

Dig Deeper

Afilias

DNS Security

Sponsored by Afilias
Verisign

Cybersecurity

Sponsored by Verisign
Afilias Mobile & Web Services

Mobile Internet

Sponsored by Afilias Mobile & Web Services

Promoted Posts

Now Is the Time for .eco

.eco launches globally at 16:00 UTC on April 25, 2017, when domains will be available on a first-come, first-serve basis. .eco is for businesses, non-profits and people committed to positive change for the planet. See list of registrars offering .eco more»

Industry Updates – Sponsored Posts

Radix Announces Global Web Design Contest, F3.space

Global Domain Name Registrations Reach 330.6 Million, 1.3 Million Growth in First Quarter of 2017

.TECH Gets Its Big Hollywood Break

Verisign Named to the Online Trust Alliance's 2017 Audit and Honor Roll

Why the Record Number of Reverse Domain Name Hijacking UDRP Filings in 2016?

Attacks Decrease by 23 Precent in 1st Quarter While Peak Attack Sizes Increase: DDoS Trends Report

UDRP: Better Late than Never - ICA Applauds WIPO for Removing Misguided 'Retroactive Bad Faith'

The Rise and Fall of the UDRP Theory of 'Retroactive Bad Faith'

.PRESS Supports Press Freedom Day for 3rd Consecutive Year

Leading Internet Associations Strengthen Cooperation

5 Afilias Top Level Domains Now Licensed for Sale in China

Radix Announces Largest New gTLD Sale with Casino.Online

2016 Year in Review: The Trending Keywords in .COM and .NET Domain Registrations

Global Domain Name Registrations Reach 329.3 Million, 2.3 Million Growth in Last Quarter of 2016

A Look at How the New .SPACE TLD Has Performed Over the Past 2 Years

Verisign Releases Q4 2016 DDoS Trends Report: 167% Increase in Average Peak Attack from 2015 to 2016

Neustar to be Acquired by Private Investment Group Led by Golden Gate Capital

Startup League Reports from WebSummit, Lisbon

Verisign Q3 2016 DDoS Trends Report: User Datagram Protocol (UDP) Flood Attacks Continue to Dominate

2016 U.S. Election: An Internet Forecast