What New GTLD Names Mean To Banks

Law360, New York (April 21, 2009, 12:00 AM EDT) -- The not-for-profit corporation known as the Internet Corporation for Assigned Names and Numbers (“ICANN”) was formed in 1998 in order to manage and coordinate the Internet’s addressing system or the Domain Name System (“DNS”). ICANN manages the DNS by overseeing the dissemination of unique Internet Protocol addresses and domain names.

By way of background, every computer on the Internet has a unique IP address which consists of a string of numbers. The DNS makes the Internet more user-friendly by permitting the user to type in a...
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