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Recycle rewards made possible with RFID

Written by RFIDNews
Published: June 4, 2010

Chestnut Hill, Pa. residents will soon have the opportunity to earn incentives for recycling, thanks to the RFID-enabled, citywide initiative provided by RecycleBank, according to a local news report.

Beginning in July, the 550,000 Philadelphia city households will receive an RFID sticker that can be attached to the recycling container, and then scanned by a device on the back of the recycle truck when the materials are collected.

Two points are earned for every pound of recycled material, distributed evenly to all participants. A trash reduction bonus will also be applied to those who can reduce trash as well – one point for every pound.

Points can be redeems as discounts at businesses all over the Chestnut Hill area, at more than 25 participating businesses.

City officials reported 640,000 tons of trash disposed last year, paying $65 per ton in disposal fees.

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Recyclebank At A Glance

Headquarters
New York

Offices
New York, Philadelphia and Houston

CEO
Javier Flaim

Founded
2004

Investors
The Coca-Cola Company, Craton Equity Partners, Generation Investment Management, Kleiner Perkins Caufield & Byers, Paul Capital Investments, Physic Ventures, RRE Ventures LLC, Sigma Partners, Waste Management Inc., and Westly Group

Members
4 Million+

Communities
300+ in all 50 states

Reward Partners
4,000+

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