A step-by-step guide on how to update a smart POS terminal belonging to Union Bank and other banks
Hello guys, and welcome to today’s blog post. We will be exploring the Impact and Evolution of Bank Smart POS Systems.
Introduction: How to Update a Smart POS Terminal
Have you heard of smart POS before? Worry not, because in this article, we will walk you through smart POS updates and upgrades.
Yes, in today’s rapidly evolving financial world, technological advancements have revolutionized the way banking services are delivered and accessed seamlessly.
One such financial innovation that has gained significant traction is the Union Bank Smart POS (Point of Sale) merchant system.
These sophisticated union bank POS terminals offer a plethora of benefits to both financial institutions and consumers alike…
Thereby, reshaping the traditional banking experience across the nation. We will delve deeper into the intricacies of Nigerian Bank Smart POS systems.
Unraveling their individual features, advantages, and the evolving role they play in the modern banking sector.

What is a Bank Smart POS System (And their uses)?
A Bank Smart POS system, especially that of Union Bank, is a multifunctional device used by most Nigerian banks.
They play a major role by enabling financial transactions to be conducted securely and conveniently.
Unlike other common or traditional POS terminals, which are primarily used for card payments at retail outlets.
In fact, Bank Smart POS (First, Zenith, Access, and Union Bank) systems are specifically designed for banking transactions.
However, these portable devices are equipped with advanced technology, in order to do parallel banking.
Some of the features includes connectivity options like Wi-Fi, Bluetooth, and mobile data.
Which, in turns, enables them to function seamlessly in various environments.
Features of Bank Smart POS Systems (What You Should Expect)
1. Multifunctional:
Bank Smart POS systems offer a wide range of banking services beyond basic card transactions.
Merchants can perform activities such as cash deposits, withdrawals, fund transfers, and all kinds of bill payments.
But just that, as well as balance inquiries, and even individual and cooperative account openings directly through the device.
2. Security Measures:
To ensure the safety of transactions, the local Bank Smart POS systems incorporate robust security features that are stunning.
However, such amazing features include encryption, biometric authentication, PIN verification, and real-time transaction monitoring.
Nevertheless, these measures mitigate the risk of unauthorized access, enhancing consumer trust and confidence in the banking system.
3. Accessibility:
Beyond the security measures, with the proliferation of Bank Smart POS systems, banking services have become more accessible to underserved and remote communities.
Yes! These peculiar devices are deployed in various locations, including rural areas, markets, and mobile banking vans.
Automatically extending the reach of financial services to previously unbanked populations, as the case may be.
4. User-Friendly Interface:
This is one of the interesting aspects of the machine: the bank’s Smart POS systems are designed with intuitive interfaces.
Of which the user-friendly navigation is key, ensuring seamless interaction for both bank agents and customers.
However, this simplicity enhances the user experience, making banking transactions convenient and seamless.
5. Integration with Banking Systems:
These devices are integrated with core banking systems, enabling real-time synchronization of transaction data and seamless connectivity with the bank’s backend infrastructure as an added advantage.
This integration facilitates faster processing of transactions and ensures accurate record-keeping at all times.
Advantages of Bank Smart POS Systems
1. Cost-Efficiency:
Bank Smart POS systems offer a cost-effective alternative to traditional brick-and-mortar branches, reducing overhead expenses associated with infrastructure and staffing, be it as it may.
This enables financial institutions to extend their reach without significant capital investment.
2. Enhanced Financial Inclusion:
By bringing banking services closer to the grassroots level, Bank Smart POS systems promote financial inclusion by providing access to formal financial services for underserved populations. That’s actually overwhelming.
This plays a very big role and contributes to poverty alleviation and economic empowerment.
By enabling individuals and businesses to participate in the formal economy, be it as it may.
3. Convenience and Accessibility:
With commercial bank smart POS systems, customers can conduct banking transactions conveniently at their preferred location.
Whether it’s a kiosk retail shop, container, market stall, or mobile banking unit, POS thrives.
This accessibility of smart POS hee and there eliminates the need to travel long distances to access banking services.
Therefore, this helps in saving time and effort for customers not minding their profiles.
4. Improved Customer Experience:
The direct-through processes and user-friendly interface of Bank Smart POS systems enhance the overall customer experience.
Customers appreciate the convenience of conducting various banking transactions quickly and efficiently, leading to higher satisfaction and loyalty.
5. Real-Time Transaction Processing:
All Nigerian bank Smart POS systems enable real-time processing of transactions, which makes merchants loves them.
Hence, it provides instant confirmation to customers, reducing the risk of errors or discrepancies.
This real-time visibility into account balances and transaction history empowers customers to make ideal financial choices.
Smart POS terminals, evolution, and future trends
Oh yes, the evolution of Bank Smart POS systems continues to be driven by technological advancements and changing consumer preferences.
The future trends in this space may include the following:
1. Integration of Biometric Authentication:
Biometrics that’s integrated normally enhances security features such as biometric authentication (facial recognition or fingerprints)…
They become more prevalent to further strengthen the authentication process and combat illegalities.
2. Expansion of Services:
Zenith Bank and Access Smart POS systems offers an expanded suite of financial services to their customers.
This service includes insurance sales, loan disbursements and investment products, always catering to diverse customer needs and preferences always.
3. Integration with Digital Wallets:
Far from expansion of service, integration with digital wallets and mobile payment platforms can further enhance the versatility of Bank Smart POS systems
Thereby, enabling customers to conduct transactions using alternative payment methods without stress.
4. Incorporation of Artificial Intelligence:
As important as it is, the integration of artificial intelligence (AI) capabilities into Bank Smart POS systems normally enables personalized recommendations and predictive analytics.
As well as enhancing the efficiency and effectiveness of banking operations.
Above all, commercial Bank Smart POS systems represent a paradigm shift in the delivery of all banking services, without fail.
Yes, they do this by offering convenience, accessibility, and security to customers as a whole.
Which is ideal while enabling financial institutions to expand their reach and enhance operational efficiency.
However, as technology continues to take ground, these devices will play an ideal role in shaping the future of banking and driving financial inclusion on a global basis.
Nevertheless, we are pleased to inform you that a new update to the existing application on the Union smart POS has been pushed to terminals, respectively.
Kindly find below the steps for downloading the application.
Steps on how to download the updated application on Union Bank Smart POS for merchants: (Smart POS Update).
Here is a step-by-step guide on how to update the smart POS at Union Bank.
Step one: The Visum removal;
Go to the POS terminal and uninstall the old one carefully.
To do this,
1. Go to settings on the smart POS and click on Apps.
2. Select the Visum App on the terminal after clicking on the settings.
3. Now, carefully enter the universal password as P@55w0rd. (Be mindful of the upper and lower cases.).
4. After you have entered the password successfully, carefully uninstall Visum.
5. Finally, exit from the settings when your Visum removal is successfully and move on to the next step.
Step two: Installation of UNION MERCHANT v1.39
Go back to the app and download the new update application, which is UNION MERCHANT v1.39
To do this,
1. Gently click on APP Market on the terminal.
2. Once you are there, slowly scroll down to UNION MERCHANT v1.39 and Install the App on the POS terminal.
3. Without delay, quickly go to settings on the Visum Application and carefully enter this unique pin, “12345”.
4. After entering the pin successfully, type TID as seen on the previous transaction slip without making a mistake at all.
Step three: The test transaction phase;
To do this,
1. After entering the pin (12345) successfully, impute the terminal TID as seen on the previous transaction slip without making a mistake at all.
2. Now, gently perform a key exchange and do a test transaction on the terminal.
3. After a successful testing, select reprint and enter the pin as provided by the merchant via email, respectively.
4. That’s all, you need to do to update a Union Bank merchant’s Smart POS.
So guys, for more clarification, please email the POS Engine Room (union bank general head for merchant POS body).
You are left with no option to update your customers’ data today.
Good Data means Good Service and satisfaction.
Conclusion: How to Update a Smart POS Terminal
Thanks for taking the time to read this post on how to update a smart POS terminal to this point.
Furthermore, bank Smart POS systems represent a paradigm shift in the delivery of banking services across the globe.
This act basically offers convenience, accessibility, and security to customers while enabling financial institutions.
Especially in the areas to expand their reach and enhance operational efficiency in banking sectors.
However, as technology continues to evolve, these devices will play a magnificent role in shaping the future of banking and driving financial inclusion globally.
We hope you are able to learn all that you needed to know about how to update a smart POS terminal?
For questions and clarity, kindly reach out to us via the comment section or email us at smartbanking11@gmail.com.
Thanks for doing your research through smart banking guides.
See you in our next post!
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