Japan Communications Inc. has executed a joint venture agreement with Taisys Technologies Co. Ltd. Taisys is the patent holder, developer and manufacturer of the sub-SIM (sticker SIM card) used in FPoS. Under this agreement, JCI and Taisys will jointly establish Secure ID Inc., which will bring together the patented technologies and know-how of both companies and develop and deliver sub-SIM solutions both in Japan and internationally. With the support of the Financial Services Agency (FSA), FPoS was evaluated under the FSA's Fintech Proof of Concept Hub and received a very high appraisal. (For details, see the 1/24/2019 release "JCI's Fintech platform realizes high security of internet financial transaction. FSA announced JCI's FinTech platform fulfills regulatory requirements"). Further, a significant milestone in the commercial preparations of FPoS was achieved in spring of this year when FPoS was awarded three patents. (For details, see the 4/9/2019 release "Three Patents Granted for JCI's Technology that assures Security of FinTech - the world's most secure internet financial transaction brought to smartphone by JCI's Patented Technology). One of the reasons FPoS is viewed as extremely secure is its use of FIPS (Federal Information Processing Standards) certified hardware to create the public and private keys and to store the private keys used in its Public Key Infrastructure (PKI) encryption. The sub-SIM used in FPoS has been awarded the highly secure FIPS 140-2 Level 3 certification.