Japan - JCB to offer settlement services for mobile transactions.

Credit card issuer JCB plans to provide personal identification and settlement services for purchases made via mobile phones, the Nikkei reports. The Japanese mobile commerce market was worth over JPY 1 trillion last year. JCB is looking to undercut mobile operators on the commissions charged third-party sellers for clearing these transactions. According to the paper, operators charge around 9 percent commission, while JCB expects it can lower this to 5 percent or less. The company may adopt a payment method in …