Registration No. 333-________
   _________________________________________________________________________

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC  20549
                              ____________________

                                    FORM S-8

            REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

                                  FISERV, INC.
             (Exact name of Registrant as specified in its charter)

                  Wisconsin                        39-1506125
      (State or other jurisdiction of        (IRS Employer Identification
        incorporation or organization)                  Number)

                                255 Fiserv Drive
                          Brookfield, Wisconsin  53045
                                 (414) 879-5000
         (Address, including zip code, and telephone number, including
             area code, of Registrant's principal executive office)

                                  Fiserv, Inc.
                               Stock Option Plan
                              (Full title of plan)

                               KENNETH R. JENSEN
                        Senior Executive Vice President
                                  Fiserv, Inc.
                                255 Fiserv Drive
                          Brookfield, Wisconsin  53045
                           Telephone:  (414) 879-5000
           (Name, address, including zip code, and telephone number,
                   including area code, of agent for service)

                                    Copy to:

                                 Robert Coultas
               Boylan, Brown, Code, Fowler, Vigdor & Wilson, LLP
                               2400 Chase Square
                           Rochester, New York  14604

                        CALCULATION OF REGISTRATION FEE
________________________________________________________________________________
                                        Proposed    Proposed
                                        Maximum     Maximum
Title of                                Offering    Aggregate      Amount of
Securities to       Amount to be        Price Per   Offering       Registration
be Registered       Registered (1)      Share (2)   Price (2)      Fee
______________      ______________      _________   __________     ____________
Common Stock, $.01  4,100,000 shares    $31.625     $129,662,500   $44,711.21
par value
________________________________________________________________________________

     (1) The number of shares of Common  Stock to be registered may be  adjusted
in accordance with the provisions  of the Stock Option  Plan in the event  that,
during the period the Stock Option  Plan is in effect,  the number of shares  of
Common Stock  are increased  or decreased  or changed  into or  exchanged for  a
different number or kind of shares of  stock or other securities of the  Company
through reorganization, merger or consolidation, recapitalization, stock  split,
split-up, combination,  exchange  of shares,  declaration  of any  Common  Stock
dividends or similar  events without receipt  of consideration  by the  Company.
Accordingly, this Registration Statement  covers, in addition  to the number  of
shares of Common Stock stated above, an indeterminate number of shares which  by
reason of  any such events  may be issued in  accordance with the provisions  of
the Stock Option Plan.


     (2) Estimated solely for  the purpose of  calculating the registration  fee
pursuant to Rule 457 under the Securities Act of 1933 and based upon the average
of the high and low sales prices for the Common Shares as reported on the Nasdaq
National Market System on May 22, 1996.

                                    PART II

                     Information Not Required in Prospectus


     Item 3.     Incorporation of Documents by Reference.
     _______     ________________________________________

     Fiserv,  Inc.  ("Fiserv"  or  the   "Company")  hereby  incorporates  by
reference in this Registration Statement the following documents:

          (a)     The Company's Annual Report  on Form 10-K for the fiscal  year
ended December 31, 1995.

          (b)     The  Company's Quarterly Report on  Form 10-Q for the  quarter
ended March 31, 1996.

          (c)       The  Company's Current  Report on  Form 8-K  filed with  the
Securities and Exchange Commission (the "Commission") on April 4, 1996.

          All documents subsequently  filed by the  Company with the  Commission
pursuant to Sections 13(a), 13(c), 14  and 15(d) of the Securities Exchange  Act
of 1934,  as amended  (the "Exchange Act"), prior  to the  filing of  a post-
effective amendment  to this  Registration Statement  which indicates  that  all
securities offered hereby  have been sold  or which  deregisters all  securities
remaining unsold,  shall be  deemed  to be  incorporated  by reference  in  this
Registration Statement and to be a part hereof  from the date of filing of  such
documents.

     Item 4.     Description of Securities
     _______     _________________________
          The class of securities to be  offered is registered under Section  12
of the Exchange Act.

     Item 5.     Interests of Named Experts and Counsel.
     ______      ______________________________________
          Legal matters in connection with options  under the Stock Option  Plan
and the  Common Stock  offered thereunder  will  be passed  upon by  Charles  W.
Sprague, Esq., Executive Vice  President, General Counsel  and Secretary of  the
Company.  Mr. Sprague  beneficially owns 15,375 shares  of Fiserv Common  Stock,
which number includes vested but unexercised stock options.

     Item 6.     Indemnification of Directors and Officers
     ______      _________________________________________
     In  general,  the  Wisconsin  Business  Corporation  Law  provides  that  a
corporation shall indemnify directors and  officers for all reasonable  expenses
incurred in  connection  with  the successful  defense  of  actions  arising  in
connection with their service as directors and officers of the corporation.   In
other cases, the Wisconsin statute provides that the corporation shall indemnify
a director or officer against liability unless the director or officer  breached
or failed to perform a duty owed to  the corporation and such breach or  failure
meets  certain  specified  criteria  constituting,  in  general,  some  act   of
misconduct.  In addition,  the corporation may reimburse  a director or  officer
for his expenses  in defending  against actions as  they are  incurred upon  the
director's or officer's written request accompanied by a written affirmation  of
his good faith belief that he has not  breached or failed to perform his  duties
to the corporation and a written undertaking to repay amounts advanced if it  is
ultimately determined that indemnification is  not required under the  Wisconsin
Business Corporation Law.  A court of law may order that the corporation provide
indemnification to a director or officer if the court finds that the director or
officer is  entitled thereto  under the  applicable  statutory provision  or  is
fairly  and  reasonably   entitled  thereto  in   view  of   all  the   relevant
circumstances, whether  or  not  such  indemnification  is  required  under  the
applicable statutory provision.

          The Wisconsin Business  Corporation Law  specifies various  procedures
pursuant  to  which  a   director  or  officer  may   establish  his  right   to
indemnification.

          Provided that it is not determined by or on behalf of the  corporation
that the director or officer breached  or failed to perform  a duty owed to  the
corporation  and  such  breach  or  failure  meets  certain  specified  criteria
constituting, in general, some  act of misconduct,  a Wisconsin corporation  may
provide additional rights to indemnification under its articles of incorporation
or by-laws, by written agreement, by resolution of its board of directors or  by
a vote of the holders of a majority of its outstanding shares.

          The Registrant's By-laws provide  for indemnification and  advancement
of expenses of  directors and  officers to the  fullest extent  provided by  the
Wisconsin Business Law.  This provision is not exclusive of any other rights  to
indemnification or the advancement  of expenses to which  a director or  officer
may be entitled under  any written agreement, resolution  of directors, vote  of
shareholders, by law or otherwise.

     Item 7.     Exemption from Registration Claimed
     ______      ___________________________________

          Inapplicable.

     Item 8.     Exhibits
     ______      ________

          See Exhibit Index.

     Item 9.     Undertakings
     ______      ____________

     (a)  Rule 415 Offering
          _________________

     The undersigned registrant hereby undertakes:

     (1)  To file, during any period in which offers or sales are being made,  a
post-effective amendment to this registration statement:

     (I)   To  include  any  prospectus required  by  Section  10(a)(3)  of  the
Securities Act of 1933;

     (ii)  To reflect in  the prospectus any facts  or events arising after  the
effective date of the registration statement (or the most recent  post-effective
amendment  thereof)  which,  individually  or  in  the  aggregate,  represent  a
fundamental change in the information set forth in the registration statement;

     (iii) To  include any  material information  with respect  to the  plan  of
distribution not  previously  disclosed in  the  registration statement  or  any
material change to such information in the registration statement.

     (2)   That,  for  the  purpose  of  determining  any  liability  under  the
Securities Act of 1933, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial  bona
fide offering thereof.

     (3)  To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of the
offering.

     (b)  Incorporating Subsequent Exchange Act Documents by Reference
          ____________________________________________________________
     The  undersigned  registrant  hereby  undertakes  that,  for  purposes   of
determining any liability under the Securities  Act of 1933, each filing of  the
registrant's annual report  pursuant to Section  13(a) or Section  15(d) of  the
Securities Exchange  Act of  1934  (and, where  applicable,  each filing  of  an
employee  benefit  plan's  annual  report  pursuant  to  Section  15(d)  of  the
Securities Exchange  Act of  1934)  that is  incorporated  by reference  in  the
registration statement  shall  be deemed  to  be a  new  registration  statement
relating to the securities offered therein, and the offering of such  securities
at that time shall be deemed to be the initial bona fide offering thereof.

     (c)Indemnification for Liabilities arising under the Securities Act of 1933
        ________________________________________________________________________

     Insofar as indemnification for liabilities arising under the Securities Act
of 1933 (the ``Act'') may be  permitted to directors,  officers and controlling
persons of the registrant  pursuant to the  foregoing provisions, or  otherwise,
the registrant  has been  advised that  in  the opinion  of the  Securities  and
Exchange Commission such indemnification is  against public policy as  expressed
in the Act  and is, therefore,  unenforceable.  In  the event that  a claim  for
indemnification  against  such  liabilities  (other  than  the  payment  by  the
registrant of expenses incurred  or paid by a  director, officer or  controlling
person of  the registrant  in the  successful  defense of  any action,  suit  or
proceeding) is  asserted by  such director,  officer  or controlling  person  in
connection with the securities being registered, the registrant will, unless  in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to  a  court  of  appropriate  jurisdiction  the  question  whether  such
indemnification by it is against public policy as expressed in the Act and  will
be governed by the final adjudication of such issue.

                                   SIGNATURES


          Pursuant to  the  requirement  of the  Securities  Act  of  1933,  the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and had duly caused this Registration
Statement to  be  signed  on  its behalf  by  the  undersigned,  thereunto  duly
authorized in the City of Brookfield, State of Wisconsin on May 23, 1996.


                                        Fiserv Inc.


                                   By:   /S/ KENNETH R. JENSEN
                                        ______________________
                                        Kenneth R. Jensen
                                        Senior Executive Vice
                                        President and Treasurer

     Pursuant  to  the  requirements  of  the  Securities  Act  of  1933,   this
Registration Statement has  been signed below  by the following  persons in  the
capacities and on the dates indicated:



            *              Chairman of the Board and Director   May 23, 1996
    _________________      (Principal Executive Officer)
   (George D. Dalton)

            *              President and Director               May 23, 1996
    ________________
    (Leslie M. Muma)

            *              Senior Executive Vice President,     May 23, 1996
    ________________       Treasurer and Director (Principal
   (Kenneth R. Jensen)     Financial and Accounting Officer)

            *              Vice Chairman, President -           May 23, 1996
    ________________       Information Technology, Inc.
   (Donald F. Dillon)

            *              Director                             May 23, 1996
    ________________
    (Gerald J. Levy)

            *              Director                             May 23, 1996
    ________________
  (L. William Seidman)

            *              Director                             May 23, 1996
    ________________
 (Thekla R. Shackelford)

            *              Director                             May 23, 1996
    ________________
  (Roland D. Sullivan)

*By:/S/ KENNETH R. JENSEN
_________________________
(Kenneth R. Jensen, individually and as
attorney-in-fact for the persons indicated)

                                 EXHIBIT INDEX


     Exhibit
     Number                   Description
     _________                ___________

     4.1                 Fiserv, Inc. Stock Option Plan

     4.2*                Form of Stock Option Agreement

     5.1                 Opinion and consent of Charles W. Sprague, Esq.,
                         Executive Vice President, General Counsel
                         and Secretary of the Registrant as to the
                         legality of the Common Stock being Registered

     23.1                Consent of Deloitte & Touche LLP,
                         Independent Auditors

     23.2                Consent of Charles W. Sprague, Esq.
                         is contained in his opinion filed as
                         Exhibit 5.1 to this Registration Statement

     24                  Powers of Attorney





                          FISERV, INC.

                        STOCK OPTION PLAN
             (as amended through February 27, 1996)



          Section 1.   Purpose.  The  purpose of the  Fiserv, Inc. Stock  Option
Plan (the "Plan") is to promote the interest of Fiserv, Inc. (the "Company") and
its Subsidiaries  (the  Company  and each  such  Subsidiary  being  herein  each
referred to  as a  "Fiserv Group  Company")  by (a)  providing an  incentive  to
employees, and to directors who are not employees, of the Fiserv Group Companies
which will attract, retain and motivate  persons who are able to make  important
contributions to the Company's growth, profitability and long-term success,  and
(b) furthering the  identity of  interests of the  Optionees with  those of  the
Company's shareholders through  stock ownership  opportunities.   Options to  be
issued under the Plan may be "incentive stock options" as defined in Section 422
of the Internal Revenue Code of 1986, as amended (the "Code"), or "non-qualified
stock options"  ("NQSOs"), which  do not  qualify as  "incentive stock  options"
("ISOs"), but  the  Company  makes  no representation  or  warranty  as  to  the
qualification of any Option as an incentive stock option under the Code.

          Section 2.   Definitions.  For  purposes of this  Plan, the  following
terms used herein shall have the following meanings, unless
 a different  meaning
is clearly required by the context.

          2.1  "Board of Directors"  shall mean the  Board of  Directors of  the
               Company.

          2.2  "Committee" shall mean  the committee of  the Board of  Directors
               referred to in Section 5 hereof.

          2.3  "Common Stock" shall mean  the Common Stock,  $.01 par value,  of
               the Company.

          2.4  "Non-Employee Director" shall mean a person who is a director  of
               the Company, but is  not an employee of  the Company, any of  its
               Subsidiaries or a Parent.

          2.5  "Non-Employee Director Option" shall mean a NQSO granted pursuant
               to the Plan to a person who, at the time of the grant, is a  Non-
               Employee Director.

          2.6  "Option" shall mean any  option granted to  a person pursuant  to
               this Plan.

          2.7  "Optionee" shall mean a person to whom an Option is granted under
               this Plan.

          2.8  "Parent" shall mean a "parent corporation" as defined in  Section
               424(e) of the Code.

          2.9  "Subsidiary" shall mean a "subsidiary corporation" as defined  in
               Section 424(f) of the Code.

          Section 3.  Eligible Optionees. 

          3.1  Options may be granted  hereunder to any  employee of any  Fiserv
               Group Company.  The  Committee shall have  the sole authority  to
               select employees to whom Options are to be granted hereunder.

          3.2  Every individual who is a Non-Employee Director shall be  granted
               a Non-Employee Director Option to  purchase 250 shares of  Common
               Stock  immediately  following  every  meeting  of  the  Board  of
               Directors which he  or she  attended.   In addition,  immediately
               following each annual meeting of shareholders at which such  Non-
               Employee Director is elected, such Non-Employee Director shall be
               granted a Non-Employee Director Option to purchase 10,000  shares
               of Common Stock.  In the event the remaining shares available for
               grant under the Plan are not sufficient to grant the Non-Employee
               Director Options to each such Non-Employee Director at any  time,
               the number of shares subject to the Non-Employee Director Options
               to be granted at such time shall be reduced proportionately.  The
               Committee shall  not  have any  discretion  with respect  to  the
               selection of directors to  receive Non-Employee Director  Options
               or the amount, the price or  the timing with respect thereto.   A
               Non-Employee Director  shall  not  be  entitled  to  receive  any
               options under the Plan other than Non-Employee Director  Options.
                

          Section 4.  Common Stock Subject to the Plan; Special Limitations.

          4.1  The total number of shares of Common Stock for which Options  may
               be granted  under this  Plan shall  not exceed  in the  aggregate
               4,100,000 shares of Common Stock.  The total number of shares  of
               Common Stock for which Options may be granted under this Plan  in
               any one fiscal year  of the Company to  any one person shall  not
               exceed in the aggregate 300,000 shares of Common Stock.

          4.2  The shares of Common Stock that may be subject to Options granted
               under this Plan may be either  authorized and unissued shares  or
               shares reacquired  at  any time  and  now or  hereafter  held  as
               treasury stock as the Board of  Directors may determine.  In  the
               event that  any outstanding  Option expires  or is  cancelled  or
               terminated  for  any   reason,  the  shares   allocable  to   the
               unexercised portion of  such Option may  again be  subject to  an
               Option granted under this Plan. 

          Section 5.  Administration of the Plan.

          5.1  The Plan shall  be administered by  a committee of  the Board  of
               Directors (the "Committee")  and shall consist  of not less  than
               three directors.   All  members of  the Committee  shall be  both
               "disinterested persons" within  the meaning of  Rule 16b-3  under
               the Securities  Exchange  Act  of 1934  and  "outside  directors"
               within the meaning of Section 162(m) of the Code.  The  Committee
               shall be appointed from time to  time by, and shall serve at  the
               pleasure of, the Board of Directors.   A majority of the  members
               of the Committee  shall constitute a  quorum, and the  acts of  a
               majority of the members present at any meeting at which a  quorum
               is present  and  the acts  approved  in writing  by  all  members
               without a meeting shall be the acts of the Committee.

          5.2  The Committee shall  have the  sole authority  and discretion to
               grant Options  under this  Plan and  to determine  the terms  and
               conditions of any such Option, including, without limitation, the
               sole authority and discretion (i) to  select the persons who  are
               to be granted Options hereunder, (ii) to determine the times when
               Options shall be  granted, (iii) to  determine whether an  Option
               will be an ISO or a NQSO, (iv) to establish the number of  shares
               of Common  Stock that  may be  issued under  each Option  and  to
               establish the option price therefor, (v) to determine the term of
               each Option,  (vi)  to  determine the  time  and  the  conditions
               subject to which Options  may be exercised in  whole or in  part,
               (vii) to determine the form of consideration that may be used  to
               purchase shares  of  Common Stock  upon  exercise of  any  Option
               (including the circumstances under which the Company's issued and
               outstanding shares of Common Stock may be used by an Optionee  to
               exercise an Option), (viii) to determine whether to restrict  the
               sale or other disposition of the shares of Common Stock  acquired
               upon the exercise of an option (including the circumstances under
               which shares of Common Stock acquired upon exercise of any Option
               may be subject to repurchase by the Company) and, if so,  whether
               to waive any such restriction, (ix)  to accelerate the time  when
               outstanding Options  may  be  exercised,  (x)  to  determine  the
               amount, if any, necessary to  satisfy the Fiserv Group  Company's
               obligation to withhold taxes or other amounts, (xi) to  determine
               the fair market value of a share of Common Stock, (xii) with  the
               consent of the Optionee, to cancel or modify an Option, provided,
               however, that such Option as  modified would have been  permitted
               to have been granted under the Plan  on the date of grant of  the
               original Option and provided, further, however, that in the  case
               of a modification (within  the meaning of  Section 424(h) of  the
               Code) of an ISO, such Option as modified would be permitted to be
               granted on the date of such  modification under the terms of  the
               Plan, and  (xiii) to  establish any  other terms  and  conditions
               applicable to any  Option and  to make  all other  determinations
               relating to  the  Plan  and Options  not  inconsistent  with  the
               provisions of this Plan.

          5.3  The Committee shall be authorized to interpret the Plan and  may,
               from  time  to  time,  adopt  such  rules  and  regulations,  not
               inconsistent with  the provisions  of the  Plan, as  it may  deem
               advisable to carry out the purpose of this Plan.

          5.4  The interpretation  and  construction  by the  Committee  of  any
               provision of the Plan, any Option granted hereunder or any option
               agreement  evidencing  any  such   Option  shall  be  final   and
               conclusive upon all  parties.  Any  controversy or claim  arising
               out of or relating to the Plan or any Option shall be  determined
               unilaterally by the Committee, whose determination shall be final
               and conclusive upon all parties.

          5.5  Members of the  Committee may vote  on any  matter affecting  the
               administration of the Plan  or any agreement  or the granting  of
               Options under the Plan.

          5.6  All expenses and liabilities incurred  by the Board of  Directors
               (or the Committee)  in the administration  of the  Plan shall  be
               borne by the Company.  The Board of Directors (or the  Committee)
               may employ attorneys, consultants,  accountants or other  persons
               in connection with the administration of  the Plan.  The  Company
               and its officers and directors shall be entitled to rely upon the
               advice, opinions or valuations of any such persons.  No member or
               former member of the Board of Directors (or the Committee)  shall
               be liable for any  action, determination or interpretation  taken
               or made in good faith with respect  to the Plan or any Option  or
               agreement hereunder.

          Section 6.  Terms and Conditions of Options.

          Subject to the Plan, the terms  and conditions of each Option  granted
under the Plan shall be specified by the Committee and shall be set forth in  an
option agreement  between the  Company and  the  Optionee in  such form  as  the
Committee shall  approve.   The  terms  and  conditions of  any  Option  granted
hereunder need not be identical to those of any other Option granted hereunder.

          The terms and conditions of each Option shall include the following:

          (a)  The option  price  shall be  fixed  by the  Committee,  provided,
               however, that in the case of an ISO, the option price may not  be
               less than the  fair market value  of the shares  of Common  Stock
               subject to the  Option on  the date  the Option  is granted,  and
               provided, further,  however,  that  if at  the  time  an  ISO  is
               granted, the Optionee  owns (or is  deemed to  own under  Section
               424(d) of the Code) stock possessing  more than 10% of the  total
               combined voting power of all classes of stock of the Company, any
               of its Subsidiaries  or a Parent,  the option price  of such  ISO
               shall not  be less  than 110%  of the  fair market  value of  the
               Common Stock  subject to  such ISO  on the  date of  grant.   The
               option price of the shares of  Common Stock subject to each  Non-
               Employee Director Option shall be equal to the fair market  value
               of the shares of Common Stock subject to such Option on the  date
               of grant.

          (b)  Options shall not be transferable otherwise than by will or  the
               laws of  descent  and  distributions, and  during  an  Optionee's
               lifetime, an option shall be exercisable only by the Optionee  or
               the Optionee's legal guardian.

          (c)  The Committee shall fix the term  of all Options (other than  the
               Non-Employee Director  Options)  granted  pursuant  to  the  Plan
               (including the date  on which such  Option shall  expire and  the
               conditions under which it terminates earlier), provided, however,
               that the term of an  ISO may not exceed  ten years from the  date
               such Option is granted, and  provided, further, however, that  if
               at the time an ISO is granted, the Optionee owns (or is deemed to
               own under Section 424(d) of the Code) stock possessing more  than
               10% of the total combined voting power of all classes of stock of
               the Company, any  of its Subsidiaries  or a Parent,  the term  of
               such ISO may not exceed five years from the date of grant.   Each
               Option (other  than  a  Non-Employee Director  Option)  shall  be
               exercisable in such amount or amounts, under such conditions, and
               at such times or  intervals or in such  installments as shall  be
               determined by  the Committee.   The  Committee may,  in its  sole
               discretion, establish a vesting  provision for any Option  (other
               than a Non-Employee Director Option) relating to the time or  the
               circumstances when the Option may be exercised by the Optionee. 

          (d)  Subject to earlier termination as hereinafter provided, each Non-
               Employee Director Option shall be exercisable  for a term of  ten
               years commencing on the date of  grant.  A Non-Employee  Director
               Option shall  vest  and  become exercisable  as  to  20%  of  the
               aggregate number of shares  subject to the Non-Employee  Director
               Option on the first anniversary of the date of grant and as to an
               additional 20% on  each of the  next four  anniversaries of  such
               date, provided, however, that  all Non-Employee Director  Options
               shall vest immediately if the Non-Employee Director is terminated
               as a  director of  the Company  within  36 months  following  the
               acquisition by a  person or persons  acting in  concert (i.e.,  a
               "group" within  the meaning  of the  Securities Exchange  Act  of
               1934, as amended) of beneficial ownership of more than 50% of the
               outstanding capital  stock  of  the Company.    The  Non-Employee
               Director Option shall terminate 30 days after the Optionee  shall
               cease to be a director of the Company (but not after the date the
               Option would otherwise  expire), provided, however,  that if  the
               Non-Employee Director is terminated as a director of the  Company
               for cause,  such  Non-Employee Director  Option  shall  terminate
               immediately.   The  Non-Employee  Director Option  shall  not  be
               affected by the Optionee becoming an employee of the Company, any
               of its Subsidiaries or a Parent.

          (e)  In the  event that  any  Fiserv Group  Company  is required    to
               withhold any Federal, state  or local taxes  or other amounts  in
               respect of any income realized by  the Optionee in respect of  an
               Option granted  hereunder,  in  respect of  any  shares  acquired
               pursuant to  the exercise  of  an Option  or  in respect  of  the
               disposition of an Option or any  shares acquired pursuant to  the
               exercise of an  Option, the Company  may deduct  (or require  the
               Fiserv Group Company  to deduct) from  any payments  of any  kind
               otherwise due  to  such Optionee  the  aggregate amount  of  such
               Federal, state or local taxes and other amounts required to be so
               withheld.  Alternatively, the  Company may require such  Optionee
               to pay to the Company in cash, promptly on demand, or make  other
               arrangements satisfactory to the Company regarding payment to the
               Company of,  the aggregate  amount of  any such  taxes and  other
               amounts. 

          (f)  The aggregate  fair  market value  (determined  at the  time  the
               Option is granted)  of the shares  of Common Stock  for which  an
               eligible employee may be granted ISOs under the Plan or any other
               plan of the Company,  any of its Subsidiaries  or a Parent  which
               are exercisable for the  first time by  such employee during  any
               calendar year shall not exceed  $100,000.  Such limitation  shall
               be applied by taking ISOs into account in the order in which they
               were granted.  Any Option (or portion thereof) granted in  excess
               of such amount shall be treated as an NQSO.

          (g)  In no case  may a fraction  of a share  be exercised or  acquired
               pursuant to the Plan.

          Section 7.  Adjustments.  In the event that, after the adoption of the
Plan by the Board of Directors,  the outstanding shares of the Company's  Common
Stock shall  be  increased or  decreased  or changed  into  or exchanged  for  a
different number or kind of shares of  stock or other securities of the  Company
through reorganization, merger or consolidation, recapitalization, stock  split,
split-up, combination, exchange of shares, declaration of any dividends  payable
in Common Stock  or the like,  the number and  kind of shares  of stock and  the
price per share subject  to the unexercised portion  of any outstanding  Option,
the number and kind of shares of Stock subject to the Plan, the number and  kind
of shares of Stock subject to future grants of Options to Non-Employee Directors
and the maximum number of shares which may be granted to a person in any  fiscal
year shall  be  appropriately adjusted  by  the  Board of  Directors,  and  such
adjustment shall be effective and binding for  all purposes of this Plan.   Such
adjustment may  provide for  the elimination  of fractional  shares which  might
otherwise be subject to Options without payment therefor.

          Section 8.  Effect of the Plan  on Employment Relationship.   Neither
this Plan nor any Option granted hereunder shall be construed as conferring upon
any Optionee any right to continue in the employ of any Fiserv Group Company  or
limit in any respect  any right of  any Fiserv Group  Company to terminate  such
Optionee's employment at any time without liability.

          Section 9.  Amendment of the Plan.  The  Board of Directors may amend
the Plan  from time  to time  as it  deems desirable,  provided, however,  that,
without the approval of the  holders of a majority  of the outstanding stock  of
the Company present, or  represented, and entitled to  vote at any meeting  duly
held in accordance with the applicable laws of the State of Wisconsin, the Board
of Directors may not (a) increase the  maximum number of shares of Common  Stock
for which Options may be  granted under this Plan  (other than increases due  to
adjustment in accordance  with Section 7  hereof), (b)  materially increase  the
benefits accruing to participants under the  Plan or (c) change the  eligibility
requirements to receive Options hereunder.   Notwithstanding the foregoing,  the
provisions regarding the selection  of directors for  participation in, and  the
amount, the price or the timing  of, Non-Employee Director Options shall not  be
amended more than once every six months,  other than to comport with changes  in
the Code, the Employee Retirement Income Security Act or the rules thereunder.

          Section 10.   Termination of the  Plan.   The Board of  Directors may
terminate the  Plan at  any time.   No  Option may  be granted  hereunder  after
termination of the Plan.   No ISO may  be granted under the  Plan more than  ten
years after  the  date on  which  the Plan  was  adopted.   The  termination  or
amendment of the Plan shall not alter or impair any rights or obligations  under
any Option  theretofore granted  under  the Plan,  without  the consent  of  the
Optionee.

          Section 11.  Effective Date of the  Plan.  This Plan  (as amended and
restated) will become effective on the date on which it is approved by the Board
of Directors.  This Plan (as amended and restated) is subject to approval by the
holders of the  majority of  the outstanding stock  of the  Company present,  or
represented, and entitled to  vote at the next  meeting duly held in  accordance
with the applicable laws of the State of Wisconsin.  No Option granted hereunder
may be exercised  prior to such  approval, provided, however,  that the date  of
grant of any Option shall be determined as if  the Plan had not been subject  to
such approval.   Notwithstanding  the foregoing,  if the  Plan (as  amended  and
restated) is not approved by a vote of shareholders within 12 months after it is
adopted by the Board  of Directors, the  amendment shall be  null and void,  the
Plan as in effect prior to such amendment and restatement shall continue in full
force and  effect  and  any  Options granted  pursuant  to  such  amendment  and
restatement shall terminate.

          Section 12.  Governing Law.  This  Plan, the Options and  all related
matters shall be governed by, and construed in accordance with, the laws of  the
State of Wisconsin,  without regard to  choice of law  provisions.  Neither  the
Plan nor any agreement  pursuant to the Plan  shall be construed or  interpreted
with any presumption against  any Fiserv Group Company  by reason of the  Fiserv
Group Company having drafted or adopted the Plan or agreement.  The  invalidity,
illegality or unenforceability of any provision in the Plan or in any  agreement
pursuant to the Plan shall not  affect the validity, legality or  enforceability
of any other provision, all  of which shall be  valid, legal and enforceable  to
the fullest extent permitted by applicable law.



                                  FISERV, INC.

                 EMPLOYEE NON-QUALIFIED STOCK OPTION AGREEMENT


Employee/Optionee______________________________        Date____________________

Number of Shares of Common Stock Subject To This Agreement__________


Pursuant to the Fiserv,  Inc. Stock Option Plan  (the "Plan"), the  Compensation
Committee of  the Board  of Directors  (the "Committee")  of Fiserv,  Inc.  (the
"Company") has granted to you on this date an option (the "Option") to  purchase
the number of shares of the Company's Common Stock, $.01 par value (the  "Common
Stock"), set forth above.   Such number of  shares (as such  may be adjusted  as
described in Section 9(a) below) is herein referred to as the "Option Shares".  
The terms and conditions of the Option are set out below.

The Option is intended  to be (and  will be treated  as) a "non-qualified  stock
option" for Federal income tax purposes.  The Option will not be treated  either
by you or the Company as an "incentive stock option", as defined in Section  422
of the Internal Revenue Code of 1986, as amended (the "Code").

      1.  Date of Grant.  This Option is granted to you on the date first  above
          written (the "Date of Grant").

      2.  Termination of Option.   Your right  to exercise this  Option (and  to
          purchase the Option Shares) shall expire  and terminate in all  events
          on the earlier of (i) the  close of business on the tenth  anniversary
          of the Date of Grant,
 or (ii) the date provided in Section 6 hereof.

      3.  Option Price.  The purchase price to be paid upon the exercise of this
          Option will be  $______ per share,  being at least  equal to the  fair
          market value of such shares on the date hereof.

      4.  Provisions Relating to Exercise.

          (a)  Commencing  on  _______________,  you  will  become  entitled  to
               exercise this Option with respect to  20% of the Option Shares.  
               Commencing on  each  of  the  four  succeeding  anniversaries  of
               ______________, you will become entitled to exercise this  Option
               with respect to an additional 20% of the Option Shares.

          (b)  Once you become  entitled to exercise  this Option (and  purchase
               Option Shares) as  provided in  Section 4(a)  hereof, that  right
               will continue until
               the date on which this Option expires and terminates pursuant  to
               Section 2 hereof.  The right to purchase Option Shares under this
               Option is cumulative, so that if the full number of Option Shares
               purchaseable in a period shall not be purchased, the balance  may
               be purchased at any time or  from time to time thereafter  during
               the term of the Option.

          (c)  The Committee, in its sole discretion, may at any time accelerate
               the time  at which  this  Option may  be  exercised by  you  with
               respect to any Option Shares.

      5.  Exercise of  Option.   To  exercise the  Option,  you must  deliver  a
          completed copy of the attached Option Exercise form to the Company  at
          its then principal office (presently 255 Fiserv Drive, Brookfield,  WI
          53045, Attn: Corporate  Controller), specifying the  number of  Option
          Shares being purchased  as a result  of such  exercise, together  with
          payment  of  the  full  option  price  for  the  Option  Shares  being
          purchased.  Payment of  the option price  must be made  in cash or  by
          check.   In  no event  may  a fraction  of  a share  be  exercised  or
          acquired.

      6.  Termination of Employment.

          (a)  In the event that you cease  to be employed on a full-time  basis
               by the Company or  any Subsidiary of the  Company for any  reason
               other than because of your retirement  at or after age 65,  death
               or "disability" (within  the meaning of  Section 22(e)(3) of  the
               Code), this Option may be exercised, to the same extent that  you
               are entitled to exercise this Option on the date you cease to  be
               so employed  and had  not previously  done so,  within one  month
               after you cease to  be so employed, but  not thereafter.  If  you
               die within a period of one month after ceasing to be employed  on
               a full-time basis by the Company or any Subsidiary of the Company
               for any reason other than such "disability", this Option may only
               be exercised  to  the  same extent  that  you  were  entitled  to
               exercise this Option immediately prior to the time of your death,
               and  you  had  not  previously  done  so,  by  the  executor   or
               administrator of  your estate  or by  any person  who shall  have
               acquired the Option  through bequest or  inheritance, within  one
               year after your death, but not thereafter.

          (b)  In the event that you cease to  be employed on a full time  basis
               by the Company or any Subsidiary of the Company by reason of your
               retirement at  or  after  age 65  or  your  "disability"  (as  so
               defined), this Option may  be exercised to  the same extent  that
               you were entitled to exercise this Option on the date you  ceased
               to be so  employed, and had  not previously done  so, within  one
               year after  the  date  you  cease to  be  so  employed,  but  not
               thereafter, provided, however, that if you die within a period of
               one year after ceasing to be employed on a full time basis by the
               Company or  any  Subsidiary of  the  Company by  reason  of  such
               retirement  or  such  "disability",  this  Option  may  only   be
               exercised to the same extent that  you were entitled to  exercise
               this Option immediately prior to the time of your death, and  you
               had not previously done so, by  the executor or administrator  of
               your estate or by any person  who shall have acquired the  Option
               through bequest or inheritance, within one year after your death,
               but not thereafter.

          (c)  In the event  that you die  while employed on  a full-time  basis
               with the Company or  any Subsidiary of  the Company, this  Option
               may only be exercised to the  same extent that you were  entitled
               to exercise this  Option immediately prior  to the  time of  your
               death and you  had not  previously done  so, by  the executor  or
               administrator of  your estate  or by  any person  who shall  have
               acquired the Option  through bequest or  inheritance, within  one
               year after your death, but not thereafter.

          (d)  Notwithstanding the foregoing, in the event that your  employment
               was terminated either  for cause or  without the  consent of  the
               Company, this Option shall terminate immediately. 

          (e)  Notwithstanding any provision contained in this Section 6 to  the
               contrary, in no event may this Option be exercised to any  extent
               by anyone after the tenth anniversary of the Date of Grant.

      7.  Securities Representations.  You acknowledge receipt of the Prospectus
          forming a part of the Registration Statement on Form S-8 (Registration
          No. 33-_____) filed by  the Company with  the Securities and  Exchange
          Commission.  You understand that if you are an officer, director,  10%
          shareholder or are  otherwise an  "affiliate" (within  the meaning  of
          Rule 405 under the Securities Act of 1933) of the Company, you may not
          re-sell any shares acquired  pursuant to the  exercise of this  Option
          except pursuant to a  Registration Statement meeting the  requirements
          of the Securities Act  of 1933 or an  exemption from the  registration
          requirements of  such Act.   You  represent and  agree that  you  will
          comply with all applicable laws relating to the Plan and the grant and
          exercise of  this Option  and the  disposition of  the Option  Shares,
          including without limitation  federal and state  securities and  "blue
          sky" laws.

          The Company may  affix appropriate legends  upon the certificates  for
          the Option Shares and may issue  such "stop transfer" instructions  to
          its transfer agent in respect of such shares as it determines, in  its
          discretion, to be necessary or appropriate to (a) prevent a  violation
          of, or to perfect an exemption from, the registration requirements  of
          the Securities Act, or (b) implement the provisions of the Plan or any
          agreement between  the Company  and you  with respect  to such  Option
          Shares.

      8.  Tax Representations.   You represent and  warrant that you  understand
          the Federal, state and local income  tax consequences of the  granting
          of this Option  to you, the  exercise of this  Option and purchase  of
          Option Shares  and the  subsequent sale  or other  disposition of  any
          Option Shares.  In addition, you  understand and agree that, when  you
          exercise the Option and thereby realize gross income (if any)  taxable
          as compensation  in respect  of such  exercise,  the Company  will  be
          required to withhold Federal, state and local taxes on the full amount
          of the compensation income realized by you and may also be required to
          withhold other amounts as a result of such exercise.  Accordingly,  at
          or prior to the time that you exercise the Option, you hereby agree to
          provide the Company with cash funds equal to the total federal,  state
          and local  taxes and  other amounts  required to  be withheld  by  the
          Company or its Subsidiary in respect  of any such compensation  income
          or make other arrangements satisfactory to the Company regarding  such
          payment.  All matters with respect to the total amount to be  withheld
          as a result of the exercise of this Option shall be determined by  the
          Committee in its sole discretion.

      9.  General Provisions.

          (a)  If the total outstanding  shares of Common  Stock of the  Company
               shall be increased or decreased or changed into or exchanged  for
               a different number or kind of shares of stock or other securities
               of the Company through  reorganization, merger or  consolidation,
               recapitalization, stock split, split-up, combination, exchange of
               shares, declaration of any dividends payable in Common Stock,  or
               the like, then the number and  kind of Option Shares (and  option
               price per  share)  subject to  the  unexercised portion  of  this
               Option shall be appropriately adjusted by the Board of  Directors
               of the  Company,  whose  determination  shall  be  effective  and
               binding.   Such adjustment  may provide  for the  elimination  of
               fractional shares which might otherwise be subject to the  Option
               without payment therefor.

          (b)  Neither the Plan nor this Option shall confer upon you any  right
               to continue to be  employed by the Company  or any Subsidiary  of
               the Company or limit in any  respect any right of the Company  or
               any Subsidiary of the Company to terminate your employment at any
               time, without liability.

          (c)  This Agreement contains the entire agreement between the  Company
               and  you  relating  to  the  Option  and  supersedes  all   prior
               agreements or understandings relating thereto.

          (d)  This Agreement may not be amended,  changed or waived other  than
               by written instrument signed by the parties hereto.

          (e)  If any one or more provisions of this Agreement shall be found to
               be  invalid,  illegal  or  unenforceable  in  any  respect,   the
               validity, legality and enforceability of the remaining provisions
               hereof shall not in any way be affected or impaired thereby.

          (f)  This Agreement shall be governed  by and construed in  accordance
               with the  laws  of the  State  of Wisconsin,  without  regard  to
               conflict of law provisions.

          (g)  The Company and you agree that  they will both be subject to  and
               bound by all of the terms and  conditions of the Plan, a copy  of
               which is available for inspection at the corporate offices of the
               Company and made a part hereof.  Any capitalized term not defined
               herein shall have the meaning ascribed to it in the Plan.  In the
               event of a conflict between the  terms of this Agreement and  the
               terms of the Plan, the terms of the Plan shall govern.

          (h)  This Option is  not transferable otherwise  than by  will or  the
               laws of descent  and distribution  and may  be exercised,  during
               your lifetime, only by you or your legal representatives.

          (i)  This Agreement shall be binding upon and inure to the benefit  of
               any  successor  or  assign  of  the  Company  and  to  any  heir,
               distributee,  executor,  administrator  or  legal  representative
               entitled by law to your rights hereunder.

          (j)  You shall not have  the rights of a  shareholder with respect  to
               any shares of Common Stock to  be acquired upon exercise of  this
               Option until the  stock certificate representing  such shares  is
               issued.

     Please acknowledge acceptance  of this  Agreement by  signing the  enclosed
copy of this Agreement in the space provided below and returning it promptly  to
Kenneth R. Jensen.


                              FISERV, INC.


                              By:_________________________________
                                  Senior Executive Vice President

Accepted and Agreed to:


_____________________________
Signature of Optionee/Employee

_____________________________
  Street Address

_____________________________
City           State    Zip Code
 


                          Fiserv, Inc.

            NON-QUALIFIED STOCK OPTION EXERCISE FORM


     I,                             , do hereby  exercise the right to  purchase
______ shares of Common Stock, $.01 par  value, of Fiserv, Inc. pursuant to  the
Non-Qualified Stock Option  granted to me  on ______________________.   Attached
hereto is  my check  in the  amount of  $_______, in  payment of  the  aggregate
exercise price of such shares ($_______) and taxes and other amounts required to
be withheld ($_______), together with the computation thereof.

     My Social Security Number is ______________________________.



Date:__________________________   Signature:_________________________________

                                            _________________________________
                                                (Address)

                    Send a completed copy of this
                    Option Exercise Form to the Company
                    at its then principal office, presently:

                    Fiserv, Inc.
                    255 Fiserv Drive
                    Brookfield, WI  53045
                    Attn: Corporate Controller




May 23, 1996

Fiserv, Inc.
255 Fiserv Drive
Brookfield, WI  53034

Fiserv, Inc.
Registration Statement on Form S-8

Dear Sirs:

I have acted as counsel for Fiserv, Inc., a Wisconsin corporation ("Fiserv"),
in connection with its Registration Statement on Form S-8 (the "Registration
Statement"), filed under the Securities Act of 1933 (the "Act"), relating to
the proposed sales of up to 4,100,000 shares of its Common Stock, $.01 par value
(the "Shares"), pursuant to the Fiserv, Inc. Stock Option Plan.

In that connection, I have examined originals, or copies certified or otherwise
identified to my satisfaction of such documents, corporate records and other
instruments as I have deemed necessary or appropriate for purposes of this
opinion, including the Articles of Incorporation, as amended, and By-Laws, as
amended, of Fiserv.

Based upon the foregoing, I am of the opinion that:

1.   Fiserv has been duly organized and is validly existing as a corporation
under the laws of the State of Wisconsin.

2.   The Shares have been duly authorized and are validly issued and fully paid
and nonassessable.

I hereby consent to the use of this opinion as an exhibit to the Registration
Statement and to the reference to me under "Legal Matters'' in the Information
Statement comprising
 a part of the Registration Statement.  By giving the
foregoing consent, I do not admit that I come within the category of persons
whose consent is required under Section 7 of the Act.

Very truly yours,


/S/ CHARLES W. SPRAGUE
Charles W. Sprague
Executive Vice President,
General Counsel and Secretary

Attachments



INDEPENDENT AUDITORS' CONSENT

We consent to the incorporation by reference in this Registration Statement of
Fiserv, Inc. on Form S-8 of our report dated February 2, 1996, incorporated by
reference in the Annual Report on Form 10-K of Fiserv, Inc. for the year ended
December 31, 1995.




/S/ DELOITTE & TOUCHE LLP
Deloitte & Touche LLP
Milwaukee, Wisconsin

May 23, 1996





                               POWER OF ATTORNEY



     KNOW ALL  MEN  BY THESE  PRESENTS,  that the  undersigned  constitutes  and
appoints Kenneth R. Jensen  as his true and  lawful attorney-in-fact and  agent,
with full power of substitution, for  him and in his  name, place and stead,  in
any and all capacities, to sign the Registration Statement on form S-8  covering
Common Stock of Fiserv, Inc., any or all amendments or post-effective amendments
to such Registration Statement and to file the same, with all exhibits  thereto,
and other  documents therewith,  with the  Securities and  Exchange  Commission,
granting unto said attorney-in-fact  and agent, full power  and authority to  do
and perform each and every act and thing  requisite and necessary to be done  in
and about the  premises, as fully  to all intents  and purposes as  he might  or
could do in person, hereby ratifying  and confirming all that said  attorney-in-
fact and agent, or his substitute, may lawfully do or cause to be done by virtue
hereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney  as
of the 23rd day of May, 1996.



/S/ THEKLA R. SHACKELFORD
Thekla R. Shackelford

                               POWER OF ATTORNEY



     KNOW ALL  MEN  BY THESE  PRESENTS,  that the  undersigned  constitutes  and
appoints Kenneth R. Jensen  as his true and  lawful
 attorney-in-fact and  agent,
with full power of substitution, for  him and in his  name, place and stead,  in
any and all capacities, to sign the Registration Statement on form S-8  covering
Common Stock of Fiserv, Inc., any or all amendments or post-effective amendments
to such Registration Statement and to file the same, with all exhibits  thereto,
and other  documents therewith,  with the  Securities and  Exchange  Commission,
granting unto said attorney-in-fact  and agent, full power  and authority to  do
and perform each and every act and thing  requisite and necessary to be done  in
and about the  premises, as fully  to all intents  and purposes as  he might  or
could do in person, hereby ratifying  and confirming all that said  attorney-in-
fact and agent, or his substitute, may lawfully do or cause to be done by virtue
hereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as
of the 23rd day of May, 1996.



/S/ WILLIAM S. SEIDMAN
William S. Seidman

                               POWER OF ATTORNEY



     KNOW ALL  MEN  BY THESE  PRESENTS,  that the  undersigned  constitutes  and
appoints Kenneth R. Jensen  as his true and  lawful attorney-in-fact and  agent,
with full power of substitution, for  him and in his  name, place and stead,  in
any and all capacities, to sign the Registration Statement on form S-8  covering
Common Stock of Fiserv, Inc., any or all amendments or post-effective amendments
to such Registration Statement and to file the same, with all exhibits  thereto,
and other  documents therewith,  with the  Securities and  Exchange  Commission,
granting unto said attorney-in-fact  and agent, full power  and authority to  do
and perform each and every act and thing  requisite and necessary to be done  in
and about the  premises, as fully  to all intents  and purposes as  he might  or
could do in person, hereby ratifying  and confirming all that said  attorney-in-
fact and agent, or his substitute, may lawfully do or cause to be done by virtue
hereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney  as
of the 23rd day of May, 1996.



/S/ LESLIE M. MUMA
Leslie M. Muma

                               POWER OF ATTORNEY



     KNOW ALL  MEN  BY THESE  PRESENTS,  that the  undersigned  constitutes  and
appoints Kenneth R. Jensen  as his true and  lawful attorney-in-fact and  agent,
with full power of substitution, for  him and in his  name, place and stead,  in
any and all capacities, to sign the Registration Statement on form S-8  covering
Common Stock of Fiserv, Inc., any or all amendments or post-effective amendments
to such Registration Statement and to file the same, with all exhibits  thereto,
and other  documents therewith,  with the  Securities and  Exchange  Commission,
granting unto said attorney-in-fact  and agent, full power  and authority to  do
and perform each and every act and thing  requisite and necessary to be done  in
and about the  premises, as fully  to all intents  and purposes as  he might  or
could do in person, hereby ratifying  and confirming all that said  attorney-in-
fact and agent, or his substitute, may lawfully do or cause to be done by virtue
hereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as
of the 23rd day of May, 1996.



/S/ GERALD J. LEVY
Gerald J. Levy

                               POWER OF ATTORNEY



     KNOW ALL  MEN  BY THESE  PRESENTS,  that the  undersigned  constitutes  and
appoints Kenneth R. Jensen  as his true and  lawful attorney-in-fact and  agent,
with full power of substitution, for  him and in his  name, place and stead,  in
any and all capacities, to sign the Registration Statement on form S-8  covering
Common Stock of Fiserv, Inc., any or all amendments or post-effective amendments
to such Registration Statement and to file the same, with all exhibits  thereto,
and other  documents therewith,  with the  Securities and  Exchange  Commission,
granting unto said attorney-in-fact  and agent, full power  and authority to  do
and perform each and every act and thing  requisite and necessary to be done  in
and about the  premises, as fully  to all intents  and purposes as  he might  or
could do in person, hereby ratifying  and confirming all that said  attorney-in-
fact and agent, or his substitute, may lawfully do or cause to be done by virtue
hereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as
of the 23rd day of May, 1996.



/S/ KENNETH R. JENSEN
Kenneth R. Jensen

                               POWER OF ATTORNEY



     KNOW ALL  MEN  BY THESE  PRESENTS,  that the  undersigned  constitutes  and
appoints Kenneth R. Jensen  as his true and  lawful attorney-in-fact and  agent,
with full power of substitution, for  him and in his  name, place and stead,  in
any and all capacities, to sign the Registration Statement on form S-8  covering
Common Stock of Fiserv, Inc., any or all amendments or post-effective amendments
to such Registration Statement and to file the same, with all exhibits  thereto,
and other  documents therewith,  with the  Securities and  Exchange  Commission,
granting unto said attorney-in-fact  and agent, full power  and authority to  do
and perform each and every act and thing  requisite and necessary to be done  in
and about the  premises, as fully  to all intents  and purposes as  he might  or
could do in person, hereby ratifying  and confirming all that said  attorney-in-
fact and agent, or his substitute, may lawfully do or cause to be done by virtue
hereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as
of the 23rd day of May, 1996.



/S/ DONALD F. DILLON
Donald F. Dillon

                               POWER OF ATTORNEY



     KNOW ALL  MEN  BY THESE  PRESENTS,  that the  undersigned  constitutes  and
appoints Kenneth R. Jensen  as his true and  lawful attorney-in-fact and  agent,
with full power of substitution, for  him and in his  name, place and stead,  in
any and all capacities, to sign the Registration Statement on form S-8  covering
Common Stock of Fiserv, Inc., any or all amendments or post-effective amendments
to such Registration Statement and to file the same, with all exhibits  thereto,
and other  documents therewith,  with the  Securities and  Exchange  Commission,
granting unto said attorney-in-fact  and agent, full power  and authority to  do
and perform each and every act and thing  requisite and necessary to be done  in
and about the  premises, as fully  to all intents  and purposes as  he might  or
could do in person, hereby ratifying  and confirming all that said  attorney-in-
fact and agent, or his substitute, may lawfully do or cause to be done by virtue
hereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney  as
of the 23rd day of May, 1996.



/S/ GEORGE D. DALTON
George D. Dalton

                               POWER OF ATTORNEY



     KNOW ALL  MEN  BY THESE  PRESENTS,  that the  undersigned  constitutes  and
appoints Kenneth R. Jensen  as his true and  lawful attorney-in-fact and  agent,
with full power of substitution, for  him and in his  name, place and stead,  in
any and all capacities, to sign the Registration Statement on form S-8  covering
Common Stock of Fiserv, Inc., any or all amendments or post-effective amendments
to such Registration Statement and to file the same, with all exhibits  thereto,
and other  documents therewith,  with the  Securities and  Exchange  Commission,
granting unto said attorney-in-fact  and agent, full power  and authority to  do
and perform each and every act and thing  requisite and necessary to be done  in
and about the  premises, as fully  to all intents  and purposes as  he might  or
could do in person, hereby ratifying  and confirming all that said  attorney-in-
fact and agent, or his substitute, may lawfully do or cause to be done by virtue
hereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney  as
of the 20th day of May, 1996.



/S/ ROLAND D. SULLIVAN
Roland D. Sullivan