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Line 15: − + − # Joint project between [[American Bankers Association]] (ABA) & [[BITS]], the technology policy arm of the Financial Services Roundtable.<ref>[http://domainincite.com/bits-may-apply-for-six-financial-gtlds/ BITS may apply for six financial gTLDs]</ref> − ===Domain Security Company=== − 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.<ref>[http://domainnamewire.com/2010/09/08/trademark-application-filed-for-bank-top-level-domain-name/ Trademark Application Filed for .Bank Top Level Domain Name]</ref> 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.<ref>[http://domainincite.com/tiny-start-up-secures-bank-gtld-trademark/ Tiny start-up secures .bank gTLD trademark]</ref> 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.”<ref>[http://domainincite.com/bank-trademark-canceled-after-mistake/ .Bank Trademark Canceled After “Mistake”]</ref><ref>[http://domainincite.com/docs/USPTO-bank-withdrawn.pdf USPTO Letter Regarding Patent 4,085,035 .bank mark]</ref> − + + + + + + + + + +
no edit summary
==Current Applicants==
==Current Applicants==
# [[Domain Security Company]], formerly Asif LLC, a start-up company based in Wisconsin, who filed a trademark for the TLD which was later revoked.<ref>[http://domainincite.com/tiny-start-up-secures-bank-gtld-trademark/ Tiny start-up secures .bank gTLD trademark]</ref>
# A joint project between [[American Bankers Association]] (ABA) & [[BITS]], the technology policy arm of the Financial Services Roundtable.<ref>[http://domainincite.com/bits-may-apply-for-six-financial-gtlds/ BITS may apply for six financial gTLDs]</ref>
# [[Dotsecure Inc.]] applied for the TLD <ref>
# [[Dotsecure Inc.]] applied for the TLD <ref>
[http://newgtlds.icann.org/en/program-status/application-results/strings-1200utc-13jun12-en Reveal Day 13 June 2012 – New gTLD Applied-For Strings]</ref> with [[Radix]], a subsidiary business established by [[Directi]] Group to provide registry services for 31 new gTLDs including the .bank string. <ref>[http://www.radixregistry.com/radix-applies-for-31-strings-newgtlds.php Directi Group Applies for Thirty-one Top-Level Domain strings in the ICANN process]</ref>
[http://newgtlds.icann.org/en/program-status/application-results/strings-1200utc-13jun12-en Reveal Day 13 June 2012 – New gTLD Applied-For Strings]</ref> with [[Radix]], a subsidiary business established by [[Directi]] Group to provide registry services for 31 new gTLDs including the .bank string. <ref>[http://www.radixregistry.com/radix-applies-for-31-strings-newgtlds.php Directi Group Applies for Thirty-one Top-Level Domain strings in the ICANN process]</ref>
==Application Details==
==Application Details==
===ABA and BITS===
===ABA and BITS===
The .bank application by [[American Bankers Association]] (ABA) and [[BITS]] is headed by [[Craig Schwartz]], former Chief gTLD Registry Liaison of ICANN. He serves as General Manager for Registry Programs of the project.<ref>[http://domainincite.com/senior-icann-staffer-hired-by-bank-project/ Senior ICANN Staff Hired by .bank Project]</ref> According to Schwartz, ABA and BITS will establish a new company that will be responsible for filing the application for .bank. Their plan is to file a community-designated bid 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.<ref>[http://domainincite.com/bits-may-apply-for-six-financial-gtlds/ BITS may apply for six financial gTLDs]</ref>
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.<ref>[http://domainincite.com/senior-icann-staffer-hired-by-bank-project/ Senior ICANN Staff Hired by .bank Project]</ref> 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.<ref>[http://domainincite.com/bits-may-apply-for-six-financial-gtlds/ BITS may apply for six financial gTLDs]</ref>
On April 2011, ABA & BITS announced that they signed a contract with Verisign to serve as their exclusive provider of back-end registry services.<ref>[http://domainincite.com/verisign-now-front-runner-for-bank/ Verisign Now Frontrunner for .bank]</ref>
On April 2011, ABA & BITS announced that they signed a contract with Verisign to serve as their exclusive provider of back-end registry services.<ref>[http://domainincite.com/verisign-now-front-runner-for-bank/ Verisign Now Frontrunner for .bank]</ref>
On December 2011, BITS 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.<ref>[http://domainincite.com/high-security-bank-spec-published/ High-security .bank spec published]</ref> 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].
On December 2011, BITS 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.<ref>[http://domainincite.com/high-security-bank-spec-published/ High-security .bank spec published]</ref> 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.<ref>[http://insurancenewsnet.com/article.aspx?id=344544/ ABA and the Financial Services Roundtable Apply for Financial Domains to Protect Consumers]</ref>
===Domain Security Company Stops 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.<ref>[http://domainnamewire.com/2010/09/08/trademark-application-filed-for-bank-top-level-domain-name/ Trademark Application Filed for .Bank Top Level Domain Name]</ref> 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.<ref>[http://domainincite.com/tiny-start-up-secures-bank-gtld-trademark/ Tiny start-up secures .bank gTLD trademark]</ref>
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.”<ref>[http://domainincite.com/bank-trademark-canceled-after-mistake/ .Bank Trademark Canceled After “Mistake”]</ref><ref>[http://domainincite.com/docs/USPTO-bank-withdrawn.pdf USPTO Letter Regarding Patent 4,085,035 .bank mark]</ref>
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." <ref>[http://www.domainsecurity.co/home.aspx/ Domain Security Company No Longer Pursues .bank]</ref>
==Reactions==
==Reactions==