Agencies have been using PI cookies for years to track the campaigns. Agencies will drop cookies on CPM deals both on the click and from the impression and obviously monitor the results.
The use of PI cookies to actually pay for campaigns has been growing bigger recently as the market for CPM advertising has been slowing.
From an affiliates point of view this is great as you'll earn more money however it is open to abuse and something that does need to be monitored correctly. Nothing new here.
Local cookies/tracking system this is another discussion. But yes if the last cookie stands rule is in place it's very bad.
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