Mastercard, JPMorgan in FTC Study on Consumer Pricing
- Agency querying firms that offer pricing software to companies
- Companies more often setting individualized prices on products
Federal Trade Commission headquarters in Washington, DC.
Photographer: Ting Shen/BloombergThis article is for subscribers only.
US regulators are examining how companies including Mastercard Inc., JPMorgan Chase & Co. and a portfolio company of a Goldman Sachs Group Inc. unit provide clients with algorithms that use consumers’ personal data to tailor product pricing to individuals — what the agency termed “surveillance pricing.”
The US Federal Trade Commission said Monday it sent subpoenas to eight firms seeking information about what pricing products they offer, the data they collect and how it’s used to target which consumers receive offers.