Systems and methods for suggesting financial account cards stored on a wireless device

A method for enabling a wireless device associated with a user to identify card data for use during a transaction at a merchant system, the method comprising:

• transmitting a request to a merchant location system in response to an initiation of a transaction from the wireless device, wherein the request comprises a current location of the wireless device;
• receiving, in response to the request, a merchant category code associated with a merchant closest to the current location of the wireless device;
• determining, by one or more processors of the wireless device, merchant category associated with the transaction from a plurality of possible merchant categories by querying a lookup table mapping the merchant category code to the plurality of possible merchant categories;
• determining, by the one or more processors, a first purchase category corresponding to a first item to be purchased in the transaction;
• determining, by the one or more processors, a second purchase category corresponding to a second item to be purchased in the transaction, the second category being different from the first purchase category;
• determining whether one or more user preferences associated with the merchant category for the transaction are previously stored in a memory;
• identifying, by the one or more processors, reward benefits offered by a plurality of financial account cards associated with the merchant category based on card data stored on the wireless device for a plurality of financial account cards, when the determination indicates that the one or more user preferences associated with the merchant category for the transaction are not stored previously in the memory;
• automatically selecting, by the one or more processors, a first financial account card from the plurality of financial account cards to be utilized to purchase the first item, the first financial account card being selected based on the identified reward benefits offered by the plurality of financial account cards and the determined first purchase category;
• automatically selecting, by the one or more processors, a second financial account card from the plurality of financial account cards to be utilized to purchase the second item, the second financial account card being selected based on the identified reward benefits offered by the plurality of financial account cards and the determined second purchase category;
• and
• communicating, to the merchant system via the wireless device, card data of the first financial account card and card data of the second financial account card to facilitate the transaction.

A non-transitory computer readable medium storing instructions that, when executed by one or more processors of a wireless device associated with a user, causes the one or more processors to automatically identify card data for use during a transaction at a merchant system by performing operations comprising:

• transmitting a request to a merchant location system in response to an initiation of a transaction from the wireless device, wherein the request comprises a current location of the wireless device;
• receiving, in response to the request, a merchant category code associated with a merchant closest to the current location of the wireless device;
• determining a merchant category associated with the transaction from a plurality of possible merchant categories by querying a lookup table mapping the merchant category code to the plurality of possible merchant categories,
• determining a plurality of purchase categories corresponding to a plurality of items to be purchased in the transaction;
• determining whether one or more user preferences associated with the merchant category for the transaction are previously stored in a memory;
• identifying reward benefits offered by a plurality of financial account cards associated with the merchant category based on card data stored on the wireless device for the plurality of financial account cards, when the determination indicates that the one or more user preferences are not associated with the merchant category for the transaction are not stored previously in the memory;
• automatically selecting one of the plurality of financial account cards to be utilized to purchase the items, wherein the financial account cards are selected based on the identified reward benefits offered by the plurality of financial account cards and the determined purchase categories of the items;
• and
• communicating, to the merchant system, card data of the financial account cards to facilitate the transaction.