The URS procedure (Uniform Rapid Suspension Procedure) is one of the new mechanisms set up to protect the rights of the owners of new Top Level Domains. It was initially set up for this purpose only.
However, at the time of renewing their Registry Agreement with ICANN, the registrars of certain “historical” gTLDs such as .jobs, .travel, .cat, .pro, and .XXX decided to adopt this procedure which is faster and less expensive than the classic UDRP but which only provides only for the suspension of the contested domain name until its expiry and not for its transfer to the complainant.
ICANN however agreed to charge the Registries a lower rate if they consented to certain conditions of the “Registry Agreement” including the URS.
The latest registry to date to join the ranks of the URS is .MOBI, an Afilias registry.