FTC Launches Investigation into Surveillance Pricing Practices
Tuesday, 23 July 2024, 13:49
FTC Launches Investigation into Surveillance Pricing
The Federal Trade Commission (FTC) is launching an investigation focusing on how companies like Mastercard and JPMorgan Chase use consumer data for tailoring prices.
Key Companies Under Scrutiny
- Mastercard
- JPMorgan Chase
- Accenture
- Five other companies
Understanding Surveillance Pricing
This practice involves monitoring consumer behavior to set individualized prices for products, raising concerns about consumer privacy.
Conclusion
The FTC's investigation may lead to enhanced regulations regarding data usage in pricing strategies, influencing how organizations manage consumer information.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.