System and method of notifying user near point of sale location of available rewards at the point of sale location

1. A reward system, comprising:

one or more processors; and

memory in communication with the one or more processors and storing instructions that, when executed by the one or more processors, are configured to cause the system to:

receive identifying user information and a purchase amount for an initiated purchase transaction from a point of sale payment transaction system;

access a reward point balance from an account of a user based on the identifying user information; and

determine redeemable reward points from the reward point balance based on the purchase amount; and

transmit the redeemable reward points to the point of sale payment transaction system for applying to the initiated purchase transaction of the purchase amount, the purchase amount being reduced by the redeemable reward points.

2. The reward system of claim 1 , wherein the instructions, when executed by the one or more processors, are further configured to cause the system to:

receive, from the point of sale payment transaction system, a successful reward application comprising an amount of the redeemable reward points applied to the initiated purchase transaction; and

reduce the reward points balance in the account by the amount of the redeemable reward points applied, and

wherein the reward point balance comprises previously accumulated reward points.

3. The reward system of claim 1 , wherein:

the instructions, when executed by the one or more processors, are further configured to cause the system to receive item information associated with the initiated purchase transaction; and

the redeemable reward points are determined based on the item information.

4. The reward system of claim 3 , wherein the item information comprises a description of a product associated with the initiated purchase transaction.

5. The reward system of claim 4 , wherein:

the instructions, when executed by the one or more processors, are further configured to cause the system to receive one or more user preferences associated with the account of the user; and

the redeemable reward points are determined based on the user preferences.

6. The reward system of claim 5 , wherein the user preferences comprise a classification of one or more items, a price range, a store, and a range or amount of reward points, or some combination thereof.

7. The reward system of claim 1 , wherein the point of sale payment transaction system comprises:

an account reader configured to identify a payment account of a user;

a display; and

an input module configured to identify items a user selected for purchase.

8. The reward system of claim 1 , wherein the identifying user information comprises financial card information.

9. A payment transaction system for applying reward points, comprising:

one or more processors; and

memory in communication with the one or more processors and storing instructions that, when executed by the one or more processors, are configured to cause the payment transaction system to:

receive input data for an initiated purchase transaction of a purchase amount, the input data comprising identifying user information;

transmit the identifying user information and point of sale information for an initiated purchase transaction of a purchase to a rewards system;

receive, from the reward system, redeemable reward points; and

apply the redeemable reward points to the initiated purchase transaction of the purchase amount, the purchase amount being reduced by the redeemable reward points.

10. The payment transaction system of claim 9 , wherein the instructions, when executed by the one or more processors, are further configured to cause the payment transaction system to:

transmit a successful reward application comprising an amount of the redeemable reward points applied to the initiated purchase transaction to the rewards system.

11. The payment transaction system of claim 9 , wherein:

the instructions, when executed by the one or more processors, are further configured to cause the payment transaction system to transmit item information associated with the initiated purchase transaction; and

the redeemable reward points are determined based on the item information.

12. The payment transaction system of claim 11 , wherein the item information comprises a description of a product associated with the initiated purchase transaction.

13. The payment transaction system of claim 12 , wherein the input data is received via an optical mechanism, a radio frequency identification (RFID) reader, or a biometric reader based on biometric information.

14. The payment transaction system of claim 13 , wherein the biometric information comprises a fingerprint, a palm, a voice, an iris, a retina, a face, a signature, or a gait information.

15. The payment transaction system of claim 9 , wherein the payment transaction system further comprises:

an account reader configured to identify a payment account of a user;

a display; and

an input module configured to identify items a user selected for purchase.

16. The payment transaction system of claim 9 , wherein the identifying user information comprises financial card information.

17. A reward system, comprising:

one or more processors; and

memory in communication with the one or more processors and storing instructions that, when executed by the one or more processors, are configured to cause the system to:

receive an initiated purchase transaction indication comprising a purchase amount associated with an initiated purchase transaction and user information associated with a credit account of a user from a point of sale payment transaction system for;

determine redeemable reward points associated with the credit account of the user and based on a reward point balance;

transmit a redeemable reward points indication to use the redeemable reward points to the point of sale payment transaction system for applying to the initiated purchase transaction;

receive, from the point of sale payment transaction system, a successful purchase notification; and

transmit the redeemable reward points to a company associated with the credit account of the user to be applied as a credit to a credit balance of the user to offset the purchase amount.

18. The reward system of claim 17 , wherein the company is a financial company.

19. The reward system of claim 17 , wherein the instructions, when executed by the one or more processors, are further configured to cause the system to update the reward points balance in the credit account based on the redeemable reward points.

20. The reward system of claim 17 , wherein the reward point balance comprises previously accumulated reward points.