New power to boost consumers access to data
Jo Swinson announces new powers for consumers to request their personal customer data from business, under the midata programme.
19 Nov 2012
Consumers will be given new powers to request their personal customer data from business, helping them manage their money better and make better lifestyle choices.
Following a , the 바카라 사이트 will announce that it will look to legislate if companies fail to comply with the voluntary release of consumers바카라 사이트� electronic data.
Under new plans, companies would have to release data they hold relating to a consumer바카라 사이트檚 consumption or transactions in an electronic machine readable format, upon request.
To begin with the power to legislate will be focussed on three 바카라 사이트榗ore바카라 사이트� sectors: current accounts and credit cards, mobile phones and energy, with further powers to extend the legislation to other sectors if appropriate.
Employment and Consumer Affairs Minister Jo Swinson said:
바카라 사이트�바카라 사이트榤idata바카라 사이트� is all about putting power into the hands of consumers. Many businesses reap huge commercial benefits from the information they gather from consumers바카라 사이트� daily spending patterns. Why shouldn바카라 사이트檛 consumers also benefit from this by having access to their own data to enable them to make better choices?
바카라 사이트淚t바카라 사이트檚 great when your energy provider tells you how much gas or electricity you바카라 사이트檙e using at any point in the year or when phone companies tell you which one of their tariffs suits you best. But it바카라 사이트檚 even better when consumers can use that information to get better value for money deals or adjust their lifestyles.
바카라 사이트淭his is just one of many ways 바카라 사이트榤idata바카라 사이트� can help, as businesses increasingly recognise sharing data as a means to deliver a better service for their customers.바카라 사이트�
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