The programme allows Pigsback.com members to receive high street and online savings.
Through the Reward partnership, members can shop at a large range of high street stores including Superdrug, Cineworld and Halfords, and add the points they save to their Pigsback.com PiggyPoints account.
Members can then redeem their points for a variety of rewards including money-off vouchers.
Jo Malvern, group brand director of Pigsback.com, said: "Online shopping continues to grow year on year but we can't forget the high street. Traditional retailers still take a massive slice of consumer spending and our recent research showed that consumers remain passionate about saving through their high street shopping."
Reward provides technology that retailers can use to create their own branded loyalty programmes. It can also provide a managed service for retailers that are looking to join an established loyalty network.
Gavin Dein, chief executive officer at Reward, said: "Consumers want and need to save everywhere they can as the credit card crunch intensifies.
"Retailers need to provide them with the tools to do this if they are to weather falling consumer spending. The growth of loyalty programmes and cashback sites is testament to their importance and the right one can provide a great opportunity for retailers to hold onto and drive new custom."
In February Reward struck a similar deal with TMN-owned online rewards programme MutualPoints, which allows MutualPoints members to collect points offline and redeem them for rewards.