IP Library Granted Patent US 10,410,231
Granted Patent B2
US 10,410,231 · App. 12/041,454 · Granted Sep 10, 2019

Method of implementing an incentive-based recycling system

Inventor: Ron Gonen (New York, NY)
Assignee: RECYCLEBANK LLC
G06Q30/0207G06Q30/02G06Q30/0226G06Q30/0236
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Quick Facts
Patent No.
US 10,410,231
App. No.
12/041,454
Granted
Sep 10, 2019
Kind
B2
Abstract

Embodiments of the present invention generally relate to a recycling system and method thereof. More specifically, embodiments of the present invention relate to a method of implementing an incentive-based recycling system which rewards clients for recycling recyclable goods via financial or other incentives. In one embodiment, a method of implementing a system of incentive-based recycling comprises dispatching a vehicle on a collection route, collecting recyclable material from a series of collection points, obtaining unique identification data from each collection point, dropping off recyclable material at a drop-off facility, uploading the unique identification data to a central database, and allocating rewards to a customer corresponding to a measurement of the unique identifying data.

Claims (30)

1. A method of encouraging recycling using one or more bins having identification tags at a plurality of corresponding geographic collection points, each tag corresponding to one of a plurality of customers, the method comprising the steps of:

receiving, at the geographic collection points, a quantity of recyclable material from the one or more bins associated with at least one customer of the plurality of customers and identification information of the at least one customer by a recycling pickup vehicle having a processor, a tag reader, and a weighing device, wherein the tag reader receives the identification information from the identification tag on the one or more bins

ascertaining, by the weighing device, a quantitative measurement of the recyclable material deposited in the one or more bins, at each of the geographic collection points;

storing, by the processor, the received identification information and the ascertained quantitative measurement of the recyclable material from the plurality of collection points along a predetermined route;

in response to unloading the quantity of recyclable material from the recycling pickup vehicle:

validating, for each of the plurality of customers, the received identification information and the ascertained quantitative measurement, wherein the validating converts data into a readable format and removes duplicate and incomplete information;

uploading, to a central computer connected to the processor via a wireless network, the validated quantity of recyclable material and the identification information;

generating at least one report from the uploaded quantity of recyclable material and the identification information; and

allocating rewards to each of the plurality of customers corresponding to the identification information.

2. The method of claim 1 , wherein the rewards are allocated in an amount commensurate with at least one of a proportionate value, quantity and amount of the recyclable material collected from the geographic collection points associated with the each customer, a fixed amount, and a total amount of recyclable material collected.

3. The method of claim 1 , wherein the step of validating comprises:

determining unique identities at the plurality of geographic collection points; and

eliminating duplicate and incomplete unique identities.

4. The method of claim 3 , wherein the unique identities of the geographic collection points comprise at least a plurality of location identifiers, temporal identifiers, qualitative and quantitative measurements, and system-specific identifiers.

5. The method of claim 4 , wherein the plurality of location identifiers comprise at least one of a street address, Global Positioning System (GPS) coordinates, and an alphanumeric identifier corresponding to a location of each of the geographic collection points.

6. The method of claim 4 , wherein the plurality of temporal identifiers comprise at least one of a date and time.

7. The method of claim 4 , wherein the qualitative and quantitative measurements comprise at least one of a weight, volume, mass, and composition of the recyclable material.

8. The method of claim 4 , wherein the system-specific identifiers comprise at least one of a color of a storage container and a type of a route of the recycling pickup vehicle.

9. A system of encouraging recycling using one or more bins having identification tags at a plurality of corresponding geographic collection points, each tag corresponding to one of a plurality of customers, the system comprising:

a recycling pickup vehicle

configured to receive, at the geographic collection points, a quantity of recyclable material from the one or more bins associated with at least one customer of the plurality of customers;

a tag reader attached to the recycling pickup vehicle and configured to receive from the identification tag on the one or more bins at the geographic collection points, identification information of the at least one customer;

a weighing device attached to the recycling pickup vehicle and configured to ascertain a quantitative measurement of the recyclable material deposited in the one or more bins at each of the geographic collection points; and

a processor attached to the recycling pickup vehicle and configured to:

store the received identification information and the ascertained quantitative measurement of the recyclable material from the plurality of collection points along a predetermined route; and

in response to unloading the quantity of recyclable material from the recycling pickup vehicle:

validate, for each of the plurality of customers, the received identification information and the ascertained quantitative measurement, wherein the validating converts data into a readable format and removes duplicate and incomplete information;

upload, to a central computer connected to the processor via a wireless network, the validated quantity of recyclable material and the identification information;

generate at least one report from the uploaded quantity of recyclable material and the identification information; and

allocate rewards to each of the plurality of customers corresponding to the identification information.

Assignments (7)
NOTICE OF ASSIGNMENT OF SECURITY INTEREST IN INTELLECTUAL PROPERTY RIGHTS REEL/FRAME 061913/0722; 058406/0378; 07532/0138 Recorded Dec 17, 2024
From: TRINITY CAPITAL INC.
To: HAT TRICK SENIOR HOLDCO, L.P.
Reel/Frame 069728/0470 →
SECURITY INTEREST Recorded Nov 29, 2022
From: RTS RECYCLEBANK, INC.; RECYCLE TRACK SYSTEMS, INC.; RECYCLESMART SOLUTIONS INC.
To: TRINITY CAPITAL INC.
Reel/Frame 061913/0722 →
SECURITY INTEREST Recorded Dec 16, 2021
From: RTS RECYCLEBANK, INC.; RECYCLE TRACK SYSTEMS, INC.
To: TRINITY CAPITAL INC.
Reel/Frame 058406/0378 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Oct 31, 2019
From: RECYCLEBANK LLC
To: RTS RECYCLEBANK LLC
Reel/Frame 050884/0732 →
RELEASE OF SECURITY INTEREST Recorded Jan 4, 2017
From: LIGHTHOUSE CAPITAL PARTNERS VI, L.P.
To: RECYCLEBANK LLC
Reel/Frame 040838/0231 →
SECURITY INTEREST Recorded Dec 5, 2014
From: RECYCLEBANK LLC
To: LIGHTHOUSE CAPITAL PARTNERS VI, L.P.
Reel/Frame 034401/0582 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Mar 19, 2008
From: GONEN, RON
To: RECYCLEBANK, LLC
Reel/Frame 020672/0381 →
Continuity (6)
Continuation In Part 11854387 · Sep 12, 2007
Continuation In Part 11345867 · Feb 2, 2006
Provisional Application 60892650 · Mar 2, 2007
Provisional Application 60825383 · Sep 12, 2006
Provisional Application 60650610 · Feb 7, 2005
Related Publication 20080172298A1 · Jul 17, 2008