UnionCollect

This simple and secure solution offers customized collection services.

Features

  • Collections postings can interact directly with merchants’ internal accounting
  • Availability of PIN vending option for schemes to validate payments
  • Manages aggregator collection schemes
  • Pay-out transactions function using the transfer or cash module
  • It is customizable. Able to capture any specific details as required that will aid sales, distributions and reconciliation
  • It is scalable and adaptable to varying transaction dynamics
  • It offers a dependable real-time reporting tool.

Benefits

  • Seamless integration to corporate’s ERP
  • Online real-time transaction update on corporate’s ERP
  • Online real-time reporting tool for corporates.
  • Customizable report view and account narration.

 

Multi- Bank Collection

The multi- bank collections platform enables merchants, businesses, and organizations receive payments into their Union Bank account from any bank in Nigeria.

The solution is a simple resource that will enable you to achieve a seamless cash inventory electronically.

Features

  • It is scalable and adaptable to varying transaction dynamics.
  • It offers a dependable real-time reporting tool.
  • It has a validation mechanism.
  • Collections postings can interact directly with merchants internal accounting.
  • Payments can be made to you at any Nigerian bank.
  • Multiple collection options: In-Branch and Web (internet).
  • Irrespective of the bank or channel used, all payments made by your customers and distributors are merged and presented to the corporate in a single view, with adequate descriptions
  • The solution can be integrated to your back-end environment for validation of payer details

Benefits

  • Eliminates the risk of cash handling
  • Deposits can be made in any Nigerian bank or online and funds credited into your Union Bank account
  • Convenient, reliable and efficient channels for collection
  • Instant reporting of payments irrespective of location or method
  • Positioning your business amongst competition
  • Removes reconciliation issues
  • Access to monitor and view reports of all payments made across all banks
  • Transaction history can be stored and retrieved at any time