With the transposition of Directive (EU) 2015/2366 (PSD2) into Luxembourg law, payment service providers may have access to consumer payment data and share these data with third parties for the purposes of personalized pricing. In this article, the author analyses the legality and the limits of personalized pricing using payment data under European Union and Luxembourg law, focusing on consumer e-commerce markets. To this end, the author reviews economic studies on personalized pricing and consumer behavior and analyses the application of consumer protection, data protection, anti-discrimination and competition rules to the practice. Subsequently, the author investigates the limits imposed on personalized pricing in certain circumstances and proposes to adopt a data-driven approach to the regulation of the practice.

algorithms, consumer protection, data protection, discrimination, economics, payment services, personal data, personalization, Pricing, profiling
hdl.handle.net/1765/134820
European Business Law Review

AKON, M.T. (MELVIN TJON). (2020). Personalized Pricing Using Payment Data: Legality and Limits under European Union and Luxembourg Law. European Business Law Review, 31(5), 947–976. Retrieved from http://hdl.handle.net/1765/134820