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CNAM Caller ID Service
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The CNAM Lookup service is an easy way to verify who you are, what your organization is, and where you are located. You can check up on lists of the politicos working on the Hill, the latest news on the action, and find out who’s looking for your expert services.

A new (to us) tool that helps us track our tax reporting is now available to the general public. The CNAM Lookup Service allows anyone to log into MyFinance and view the most recent financial disclosure report for each CNAM Caller ID. I’ve also read several articles on the general benefits of the service. For example, if you pay income taxes, now you can quickly see how much your company paid in taxes this year.

The most common use case for this is when you want to configure a custom domain name for a third party service. In this case you control your domain name, but the third party service controls the servers that host it. It would be inconvenient if you'd have to change your DNS settings whenever this service changes its IP addresses. This is why they commonly request you to create a CNAME record instead. That way you remain in control of your domain name, but they can change the DNS configuration of their service at any time.
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