Tag

Personalized Pricing

All articles tagged with #personalized pricing

business1 month ago•6 min saved

Data-driven pricing faces legislative heat as California weighs ban on surveillance pricing

California lawmakers are debating Assembly Bill 2564 to ban surveillance pricing—where prices are set using personal data and AI—amid a JetBlue lawsuit and FTC enforcement signals. The bill would prohibit retailers from using personal data to price goods, a move applauded as protecting fairness and privacy but criticized for potentially reducing discounts or lowering price competition. The debate mirrors actions in New Jersey and New York, while Colorado’s governor vetoed a broader similar bill. Studies on personalized pricing show mixed effects: it can increase seller profits while occasionally delivering lower prices to some buyers, and a lack of price transparency can leave consumers guessing.

via Los Angeles Times|

#business #california #ftc

technology1 month ago•4 min saved

Trump-era FTC rebrands pricing controversy as 'personalized pricing' push

The FTC under the Trump administration is seeking public comment on a policy draft that reframes what others call surveillance pricing as 'personalized pricing,' warning that using personal data to set prices could violate the FTC Act. The move shifts framing from the Biden era’s probe, signals enforcement intent, and reflects ongoing debate about AI-driven pricing, disclosure requirements, and regulatory action amid bipartisan concern over data-driven price discrimination.

via Gizmodo|

#consumer-protection #data-privacy #ftc

business1 month ago•126 min saved

FTC pushes for price transparency as personalized pricing faces scrutiny

The FTC proposes rules requiring retailers to disclose if and how they use shopper data to vary prices, signaling a crackdown on personalized pricing amid consumer concerns. The article notes that electronic shelf labels generally don’t adjust prices per individual shopper, while industry groups argue such practices could erode loyalty. Several states have already banned personalized pricing, with others considering similar laws, and watchdogs say disclosures alone may be insufficient without stronger protections.

via AP News|

#business #consumer-protection #electronic-shelf-labels

business6 months ago•9 min saved

Big Mac, multiple prices: the quiet rise of algorithmic delivery pricing

Business Insider staff ordered the same Big Mac meal via Uber Eats and found the base price stayed the same, but delivery/service fees varied enough to swing the total by about 15–20 cents; Uber says differences aren’t based on personal data, but state-law warnings and a general lack of price transparency highlight how algorithmic, personalized pricing can affect consumers and may become more widespread or spark backlash.

via Business Insider|

#algorithmic-pricing #business #delivery-fees

business1 year ago•6 min saved

Delta Air's AI Pricing Practices: Clarifications and Consumer Tips

Personalized pricing, driven by AI, is spreading across industries, allowing companies to charge different prices based on individual data. Consumers can counteract this by using cash, clearing online caches, disabling location services, and delaying purchases to avoid targeted pricing. The article warns about the lack of transparency and fairness in AI-driven pricing models and emphasizes the importance of understanding how prices are set.

via PBS|

#ai #business #consumer-tips

business1 year ago•9 min saved

Congress and Airlines Clash Over AI-Driven Personalized Pricing

The article discusses the rise of personalized AI-driven pricing strategies by companies like Delta Air Lines, the regulatory and consumer backlash they face, and the potential for increased use of AI in pricing, amid evolving political and legal landscapes in the US. It also touches on broader economic proposals like Eurobonds for Europe and recent market trends.

via The New York Times|

#ai #business #consumer-privacy