Bankers Systems Inc., St. Cloud, Minn., has doubled its warranty on banking software and forms to $20 million.
The warranty protects bankers against loss caused by errors or omissions by the company. Bankers Systems was the first software company to issue a $10 million warranty.
"Our new $20 million aggregate warranty is yet another way we strive to increase our customers' comfort level in the solutions we offer and the regulations they encompass," said company president John P. Weitzel.
Bankers Systems is the largest of the compliance software companies with 30,000 installations in 7,000 banks.