Abstract: A system and method for managing the coupon redemption process electronically. A hand held device is used to store electronic coupons, which is then taken to retail stores for redemption of the electronic coupons during check-out. At check-out, the device downloads the electronic coupon data and the data is stored in the retail store's computer. The data from the retail store's computer is uploaded into coupon clearinghouse computer to enable retail stores to obtain redemption of the rebates owed to it from the manufacturers. The manufacturers can track coupons better and collect spending data about consumers. The method and device automates and improves coupon redemption process.