NYTIMES (Stephanie T. Nguyen) - Companies Shouldn’t Set Prices One Customer at a Time
Surveillance pricing hurts consumers. It’s time to combat it with stronger laws on fair pricing.
Surveillance pricing hurts consumers. It’s time to combat it with stronger laws on fair pricing.
Tom McBrien of the Electronic Privacy Information Center joins NewsNation to suggest ways consumers can avoid “surveillance pricing,” the AI-driven practice of using personal data to estimate what someone will be willing to pay for goods or services. #Consumer #AI #SurveillancePricing Get a fast-paced look at the latest from the border to Main Street to the White House on "NewsNation Live." Weekends starting at 10a/9C Saturdays and 11a/10C Sundays. #NewsNationLive NewsNation is your source for fact-based, unbiased news for all Americans.
Surveillance pricing uses data on a consumer’s phone to determine what they’re willing to pay for something.
The practice, known as "surveillance pricing," offers different prices to subscribers based on their activities, such as reading morning headlines, checking an election update or following a favorite columnist.
Grocery stores can use shoppers’ personal data to charge different customers different prices, a practice known as surveillance pricing. Lawmakers in New York are considering a ban.
A state law that goes into effect in October prohibits grocery stores and third-party delivery services from using consumer data to boost prices.