System and method for rewards redemption with a mobile device

A first mobile device comprising:

• a network interface communicating with a non-transitory memory;
• and
• the non-transitory memory communicating with a first mobile device processor,
• the first mobile device processor, when executing a micro-application, performs operations comprising:
• transmitting, by the first mobile device, transaction account information for initiating transactions at different merchant systems;
• receiving, by the first mobile device and in response to authorizations of the transactions, records of charges (ROCs) having transaction information containing transaction amounts and item identifiers from the different merchant systems;
• determining, by the first mobile device and in response to the receiving the ROCs, that a subset of the ROCs include the item identifiers that meet an eligible transaction criteria;
• displaying, by the first mobile device, the subset of the ROCs;
• converting, by the first mobile device, each ROC in the subset of the ROCs into a selectable item;
• displaying, by the first mobile device, the subset of the ROCs as selectable items;
• receiving, by the first mobile device, a selection of the selectable item indicating that at least a portion of the transaction amounts for the ROCs are paid with loyalty points;
• creating, by the first mobile device, selected ROCs based on the selection of the selectable items;
• determining, by the first mobile device and in response to the creating the selected ROCs, eligible transaction amount that are the portion of the transaction amounts that respectively correspond to the selected ROCs;
• obtaining, by the first mobile device and in response to determining the eligible transaction amounts, different loyalty points from different loyalty point systems;
• determining, by the first mobile device and in response to the obtaining the different loyalty points, a first loyalty account balance of a first loyalty account based on adding the different loyalty points from the different loyalty point systems;
• determining, by the first mobile device, a number of loyalty points corresponding to each of the eligible transaction amounts from the different merchant systems;
• generating, by the first mobile device, a first instruction to transfer an additional number of loyalty points from a second loyalty account in response to the first loyalty account balance being less than the number of loyalty points corresponding to the eligible transaction amounts by the additional number of loyalty points;
• generating, by the first mobile device, in response to generating the first instruction and via a micro-application for a social networking site, a link;
• transferring, by the first mobile device, the link and details about the transactions to a second mobile device of a second user;
• receiving, by the first mobile device, an indication of a depositing of the additional number of loyalty points from the second loyalty account associated with the second user into the first loyalty account, in response to the selection of the link by the second mobile device;
• and
• applying, by the first mobile device, the additional number of loyalty points to the eligible transaction amounts from different merchants,
• wherein a payment obligation for the selected ROCs is removed, and
• wherein a total amount owed is reduced by the eligible transaction amounts.

A non-transitory, tangible computer-readable storage medium having computer-executable instructions stored thereon that, if executed by a first mobile device, cause the first mobile device to perform operations comprising:

• transmitting, by the first mobile device, transaction account information for initiating transactions at different merchant systems;
• receiving, by the first mobile device and in response to authorizations of the transactions, records of charges (ROCs) having transaction information containing transaction amounts and item identifiers from the different merchant systems;
• determining, by the first mobile device and in response to the receiving the ROCs, that a subset of the ROCs include the item identifiers that meet an eligible transaction criteria;
• displaying, by the first mobile device, the subset of the ROCs;
• converting, by the first mobile device, each ROC in the subset of the ROCs into a selectable item;
• displaying, by the first mobile device, the subset of the ROCs as selectable items;
• receiving, by the first mobile device, a selection of the selectable item indicating that at least a portion of the transaction amounts for the ROCs are paid with loyalty points;
• creating, by the first mobile device, selected ROCs based on the selection of the selectable items;
• determining, by the first mobile device and in response to the creating the selected ROCs, eligible transaction amounts that are the portion of the transaction amounts that respectively correspond to the selected ROCs;
• obtaining, by the first mobile device and in response to determining the eligible transaction amounts, different loyalty points from different loyalty point systems;
• determining, by the first mobile device and in response to the obtaining the different loyalty points, a first loyalty account balance of a first loyalty account based on adding the different loyalty points from the different loyalty point systems;
• determining, by the first mobile device, a number of loyalty points corresponding to each of the eligible transaction amounts from the different merchant systems;
• generating, by the first mobile device, a first instruction to transfer an additional number of loyalty points from a second loyalty account in response to the first loyalty account balance being less than the number of loyalty points corresponding to the eligible transaction amounts by the additional number of loyalty points;
• generating, by the first mobile device, in response to generating the first instruction and via a micro-application for a social networking site, a link;
• transferring, by the first mobile device, the link and details about the transactions to a second mobile device of a second user;
• receiving, by the first mobile device, an indication of a depositing of the additional number of loyalty points from the second loyalty account associated with the second user into the first loyalty account, in response to the selection of the link by the second mobile device;
• and
• applying, by the first mobile device, the additional number of loyalty points to the eligible transaction amounts from different merchants,
• wherein a payment obligation for the selected ROCs is removed, and
• wherein a total amount owed is reduced by the eligible transaction amounts.