Method and system for suggesting and processing regular transactions based on product data

A system for identifying and initiating a regular transaction for a consumer, comprising:

• a merchant database configured to store a merchant profile, wherein the merchant profile includes data related to a merchant including at least a merchant geolocation;
• an account database configured to store an account profile, wherein the account profile includes data related to a consumer including at least a plurality of transaction data entries, each transaction data entry including data related to a payment transaction involving the related consumer and a merchant including at least a set of one or more product identifiers corresponding to products purchased in the related payment transaction;
• a processing device configured to identify a regular order for the consumer, wherein the regular order includes a specific set of one or more product identifiers based on frequency of the specific set of one or more product identifiers as the set of one or more product identifiers included in the plurality of transaction data entries stored in the account profile;
• a receiving device configured to receive a geolocation associated with the consumer, wherein the geolocation is within a predetermined distance of the merchant geolocation included in the merchant profile;
• and
• a transmitting device configured to transmit at least the one or more product identifiers included in the specific set.