new Top Level Domains for Today and Tomorrow, an initiative of Matthias Jungbauer


 

BIC stands for Bank Identification Code.

IBAN stands for International Bank Account Number

Especially for people who work in international trade or consumers who want to shop abroad or on the internet, it is always important to know who the bank of your counterparty is.

Would it not be nice if you could wire some money to the account of your counterparty just with the BIC and IBAN code.

The way international money transfers could work is that the bank operates a web site www.[bic].bic where you enter your IBAN and BIC code and the money is debited from your account.

No more hassle with credit cards.
When doing online business, some counter parties prefer to debit the money rather than wait for a credit note.

The domain schema www.[bic].bic is essential to uniquely identify the web site of a bank.

Have you ever been on a fraudulent bank web site?
How do you know if the web site of your bank is real or fake?

Industry based top level domains like .bic would be a step towards the right direction.