| gTLD | Full Legal Name | E-mail suffix | Detail | | .loans | Dotserve Inc. | radixregistry.com | View |
The mission of .Loans is to represent the loan and mortgage industry and organizations involved in granting loans globally in its own differentiated namespace. Credit and Mortgage today make up a large Global Industry. The industry comprises of various participants including financial and mortgage institutions, loan brokers, loan agents and loan and mortgage correspondents.
There are an estimated 200,000 loan and mortgage related institutions and another 20k banks worldwide (refer our response to Q48 for the source of this information). These are some of the elements that make up the addressable market for .Loans.
More and more consumers are seeking information as well as making purchase decisions concerning loans and mortgages online further increasing the need for loan granting and related institutions to have an online presence that truly signifies what they do. As of March 2012, Google keyword tool data shows over 16million global searches contain the word ʺloanʺ every month.
With the exponential growth of the Internet we see business processes evolving and moving online. Banking services have been available online to consumers worldwide since a long time now and customers are quite accustomed to viewing their statements as well as transacting online. Trust in the Internet is tenuous. The Internet became the vast communication medium it is by unrestricted access. This unrestricted access has also come at a potentially unrestricted cost in fraud and theft. Consumers are frequently victims of phising attacks and other forms of internet abuse that result in financial losses and even worse threaten consumer trust in the online medium.
With the advent of the new Top Level Domain program, we have the opportunity, to develop more trustworthy systems, without imposing additional identification requirements on other generic TLDs. Many business sectors seek to build trust. The economic events of the past few years have caused financial institutions to build new forms of trust with their customer public.
Within the current gTLD and ccTLD environment, there are constant attempts of fraudulent representation of financial institutions on the Internet. Fraudulent “Nigerian Scam Emails” or “Chinese Funds Transfer emails” have occurred so often they have become common spam. Using the new gTLD program, it is possible to build a unique and trusted Internet space for loan and mortgage organizations and institutions. In this gTLD, all registrations will be fully restricted to organizations from the financial sector. The organization’s identity will have been verified prior to name resolution. The .Loans TLD will be a more trustworthy system.
.Loans will cater to the hundreds of 1000s of companies in the loan and mortgage business. A differentiated namespace that directly relates to the loans industry will provide a strong weapon in their arsenal to ensure they continue to thrive in these times of competition.
The mission⁄purpose for .Loans is to be the TLD of choice for loan and mortgage related businesses. Keeping this in mind, .Loans will look to contribute to the Internet Namespace in several ways:
1.1 ENHANCE TRUST
To create a “trusted and secure” namespace for the loan and mortgage industry and its users. The ..Loans extension is intended to provide a .registrants from the loans and mortgage industry, an immediately recognized domain name that tells Internet users that they are interacting with a legitimate organization. The ..Loans TLD will require registrants to achieve specific verification. This will create a TLD for which there is unprecedented accountability for web services launched on its domains. This will eliminate phishing and fraud resulting from mistaken identity creating a trusted and secure namespace and a trusted environment for Registrants
1.2 ENHANCE SEARCHABILITY AND RECOGNITION
To create a namespace that enables loan and mortgage businesses to easily distinguish themselves from countless others in unrestricted gTLDs. This benefits the Registrants as well as the end users. End users will be able to find the website of a business they are looking for easily amongst the sea of other sites.
1.3 ENHANCE REGISTRANT CHOICE
To create a namespace that provides loan and mortgage businesses greater choice to represent their brand online in the manner they please. Due to the saturation and unrestricted nature of the existing gTLD space many loan and mortgage businesses have to opt for a name that does not best reflect their brand. ..Loans will provide legitimate Registrants a higher guarantee of obtaining their desired name
1.4 CREATE A CLEANER INTERNET SPACE
To create a cleaner internet experience for end users by implementing pioneering registration policies, content and usage policies, and abuse mitigation processes.
1.5 CREATE A STABLE AND RESILIENT INTERNET SPACE
To deliver a stable and resilient internet experience to registrants and end-users by going above and beyond the ICANN mandated SLAs and delivering 100% resolution uptime
This completes our response to Q18(a)
| gTLD | Full Legal Name | E-mail suffix | Detail | | .bank | Dotsecure Inc. | radixregistry.com | View |
1. MISSION AND PURPOSE
“The digital decade is not just about any particular aspect of computing, taking enterprises, knowledge workers and homes and building standards that connect all of those together. The key piece in the center is trustworthy systems, systems that do what you expect on an extremely reliable basis. So in each of these areas we have new scenarios, new ways that people will be using their computers that they never did before.” - Bill Gates
Trust in the Internet is tenuous. The pursuit of trust is to balance “freedom to participate” with the “ability to verify identity”. This balance is difficult to maintain. The Internet became the vast communication medium it is by unrestricted access. This unrestricted access has also come at a potentially unrestricted cost in fraud and theft. With advent of the new Top Level Domain program, we have the opportunity, as Bill Gates said, to develop more trustworthy systems, without imposing additional identification requirements on other generic TLDs. Many business sectors seek to build trust. The economic events of the past few years have caused financial institutions to be build new forms of trust with their customer public.
Within the current gTLD and ccTLD environment, there are constant attempts of fraudulent representation of banking institutions on the Internet. Fraudulent “Nigerian Bank emails” or “Chinese Funds Transfer emails” have occurred so often they have become common spam. Using the new gTLD program, it is possible to build a unique and trusted Internet space for banking institutions. In this gTLD, all registrations will be fully restricted to only certified banking institutions. The banking organization’s identity and accreditation will have been verified prior to allowing live web services of name resolution. The .bank new gTLD will be a more trustworthy system.
The mission⁄purpose for .bank is to be the Global Banking TLD. Keeping this in mind, .Bank will look to contribute to the Internet Namespace in several ways:
1.1 ENHANCE TRUST
To create a “trusted and secure” namespace for the banking industry and its users. The .bank extension is intended to provide a .bank registrant an immediately recognized domain name that tells Internet users that they are interacting with a legitimate bank. The .bank TLD will require registrants to achieve specific verification as a bank institute from a recognized authority of national, provincial or state jurisdiction. This will create a TLD for which there is unprecedented accountability for web services launched on its domains. Internet users will be ensured that behind every domain name and its associated services, information and content, a certified banking institution is responsible for that domain. This will eliminate phishing and fraud resulting from mistaken identity creating a trusted and secure namespace for banks and a trusted environment for Registrants
1.2 ENHANCE SEARCHABILITY AND RECOGNITION
To create a namespace that enables banking institutions to easily distinguish themselves from countless others in unrestricted gTLDs posing or insinuating knowledge and capabilities in the banking profession. This benefits the Registrants as well as the end users. End users will be able to find the website of a bank they are looking for easily amongst the sea of other sites that are purporting to be that institution.
1.3 ENHANCE REGISTRANT CHOICE
To create a namespace that provides banking institutions greater choice to represent their brand online in the manner they please. Due to the saturation and unrestricted nature of the existing gTLD space many banking institutions have to opt for a name that does not best reflect their brand (for eg http:⁄⁄icicibank.com instead of http:⁄⁄icici.com). .bank will provide legitimate Registrants a higher guarantee of obtaining their desired name
1.4 CREATE A CLEANER INTERNET SPACE
To create a cleaner internet experience for end users by implementing pioneering registration policies, content and usage policies, and abuse mitigation processes.
1.5 CREATE A STABLE AND RESILIENT INTERNET SPACE
To deliver a stable and resilient internet experience to registrants and end-users by going above and beyond the ICANN mandated SLAs and delivering 100% resolution uptime
This completes our response to Q18(a).