I found the interface just a little confusing myself. But you're ok, so far.
Just click on the star (kicker) and system->configuration->packaging->install, remove & update software. From there, you enter your root password, and the MCC will fetch the information from the databases that you correctly surmised came from EasyUrpmi.
Now, from the leftmost dropdown menu, select All Updates (or alternatively, Bugfix Updates, Security Updates and Normal Updates can be selected individually) and you should be good to go.
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