The explanation for each setting
Point System
When the "Point System" is activated, it enables customers to receive points for their purchases and orders. When this is not activated, customers will not receive points for their orders.
Point System Display
When the "Point System Display" is activated, the theme will display the widget or the embedded point details if the theme has gone through custom integration.
If this setting is not activated, customers will still be receiving points for purchases and orders but this will not be displayed, meaning that customers will not be able to redeem points.