
                                  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

