2024-07-26 09:00:08
Privacy
Regulation
Business

Unveiling 'Surveillance Pricing' and Its Impact on Consumers

The concept of 'surveillance pricing' is under scrutiny for its potential to distort competition and compromise consumer privacy. Investigations by the FTC into companies like Accenture, McKinsey, and Mastercard highlight concerns.

With sectors like airlines and digital-only businesses implicated, the opacity of AI-driven pricing models poses challenges for regulators. Examples such as Uber's pricing variation based on smartphone battery levels underscore the complexity and potential risks associated with this pricing strategy.

Economics & Business Research News - Science News
25. Juli 2024 um 14:50

What is 'surveillance pricing,' and is it forcing some consumers to pay more?

Economy
Technology
The text examines the legal and regulatory challenges around 'surveillance pricing', noting the FTC may have the power to address it under laws against unfair and deceptive practices. However, the opacity of the AI systems powering these pricing models makes it difficult for regulators to understand and address the issue.
heise online
25. Juli 2024 um 22:13

Price Discrimination: Mastercard & Co under the microscope | heise online

Economy
Finance
Companies like Accenture, McKinsey and Mastercard offer Surveillance Pricing to analyze consumer data and set dynamic prices. The FTC is now investigating this due to possible distortions of competition. Uber has already revealed in 2016 that the battery level of the smartphone can influence the ride price.
CW

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