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0 2.29879772878575E-05 2.29879772878575E-05 0 4.59759545758457E-05 0.000666651341348522 0.00220684581963641 0.0023217857060757
Stock impact report

FTC orders 8 companies to hand over information on ‘surveillance pricing' practices [Fortune]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Fortune
In a Tuesday announcement, the FTC said it was seeking to better understand the “opaque market” of “surveillance pricing” practices using consumer data — including credit information, location and browsing history — to charge different customers different prices for the same goods. To do this, the agency noted, third-party intermediaries claim to use advanced algorithms, artificial intelligence and other technology. “Firms that harvest Americans' personal data can put people's privacy at risk. Now firms could be exploiting this vast trove of personal information to charge people higher prices,” FTC Chair Lina M. Khan said in a prepared statement Khan added that the FTC's inquiry “will shed light on this shadowy ecosystem of pricing middlemen.” The FTC said it sent orders to Mastercard , Revionics, Bloomreach, JPMorgan Chase , Task Software, PROS, Accenture and McKinsey & Co. The agency says its “study” will aim to understand how surveillance pricing works and investigate po Show less Read more
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