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 for BHC Directors
                                 (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)


                        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  20,988 shares       $38.1875     $801,480       $242.87
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, 1997.


                                     PART I

              Information Required in the Section 10(a) Prospectus

                  The documents  containing the information  specified in Part I
of this  Registration  Statement  will be  given  or  sent  to all  persons  who
participate  in the Fiserv, Inc. Stock Option Plan for BHC Directors as
specified by Rule 428.

                                     PART II

               Information Required in the Registration Statement


         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 and BHC Financial  Inc.'s Annual  Reports on
Form 10-K for the fiscal year ended December 31, 1996.

                  (b) The Company's and BHC Financial Inc.'s  Quarterly  Reports
on Form 10-Q for the quarter ended March 31, 1997.

                  (c) The  Company's  Current  Report on Form 8-K filed with the
Securities and Exchange Commission (the "Commission") on March 3, 1997.

                  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

                  Not applicable.

         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 21,461 shares of Fiserv
Common Stock, which number includes vested but unexercised stock options.



<PAGE>



         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.



<PAGE>



         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.  Notwithstanding the foregoing, any increase or decrease in volume of
securities  offered (if the total dollar value of  securities  offered would not
exceed that which was  registered) and any deviation from the low or high end of
the estimated  maximum offering range may be reflected in the form of prospectus
filed with the  Commission  pursuant  to Rule 424(b) if, in the  aggregate,  the
changes in volume and price  represent  no more than a 20% change in the maximum
aggregate  offering price set forth in the  "Calculation  of  Registration  Fee"
table in the effective 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.

                  Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) of
this section do not apply if the registration statement is on Form S-3, Form S-8
or Form F-3,  and the  information  required to be included in a  post-effective
amendment by those  paragraphs  is contained in periodic  reports  filed with or
furnished to the Commission by the registrant  pursuant to section 13 or section
15(d) of the Securities  Exchange Act of 1934 that are incorporated by reference
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 30, 1997.


                                        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 30, 1997
    _________________      (Principal Executive Officer)
   (George D. Dalton)

            *              President and Director               May 30, 1997
    ----------------
    (Leslie M. Muma)

            *              Senior Executive Vice President,     May 30, 1997
    ________________       Treasurer and Director (Principal
   (Kenneth R. Jensen)     Financial and Accounting Officer)

            *              Vice Chairman, Director, President - May 30, 1997
    ________________       Information Technology, Inc.
   (Donald F. Dillon)

            *              Director                             May 30, 1997
    ----------------
    (Gerald J. Levy)

            *              Director                             May 30, 1997
    ----------------
  (L. William Seidman)

            *              Director                             May 30, 1997
    ----------------
 (Thekla R. Shackelford)

            *              Director                             May 30, 1997
    ----------------
  (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 for BHC Directors

     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 Coopers & Lybrand L.L.P.,
                         Independent Auditors

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

     24                  Powers of Attorney
[{"type": "S-8", "sequence": "1", "secsgml_size_bytes": 16828}]
{"company-data": {"conformed-name": "FISERV INC", "cik": "0000798354", "assigned-sic": "7374", "irs-number": "391506125", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-28113", "film-number": "97616998"}, "business-address": {"street1": "255 FISERV DR", "street2": "PO BOX 979", "city": "BROOKFIELD", "state": "WI", "zip": "53045", "phone": "4148795000"}, "mail-address": {"street1": "255 FISERV DRIVE", "city": "BROOKFIELD", "state": "WI", "zip": "53045"}}
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 for BHC Directors
                                 (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)

                        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  20,988 shares       $38.1875     $801,480       $242.87
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, 1997.

                                     PART I

              Information Required in the Section 10(a) Prospectus

                  The documents  containing the information  specified in Part I
of this  Registration  Statement  will be  given  or  sent  to all  persons  who
participate  in the Fiserv, Inc. Stock Option Plan for BHC Directors as
specified by Rule 428.

                                     PART II

               Information Required in the Registration Statement

         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 and BHC Financial  Inc.'s Annual  Reports on
Form 10-K for the fiscal year ended December 31, 1996.

                  (b) The Company's and BHC Financial Inc.'s  Quarterly  Reports
on Form 10-Q for the quarter ended March 31, 1997.

                  (c) The  Company's  Current  Report on Form 8-K filed with the
Securities and Exchange Commission (the "Commission") on March 3, 1997.

                  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

                  Not applicable.

         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 21,461 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.  Notwithstanding the foregoing, any increase or decrease in volume of
securities  offered (if the total dollar value of  securities  offered would not
exceed that which was  registered) and any deviation from the low or high end of
the estimated  maximum offering range may be reflected in the form of prospectus
filed with the  Commission  pursuant  to Rule 424(b) if, in the  aggregate,  the
changes in volume and price  represent  no more than a 20% change in the maximum
aggregate  offering price set forth in the  "Calculation  of  Registration  Fee"
table in the effective 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.

                  Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) of
this section do not apply if the registration statement is on Form S-3, Form S-8
or Form F-3,  and the  information  required to be included in a  post-effective
amendment by those  paragraphs  is contained in periodic  reports  filed with or
furnished to the Commission by the registrant  pursuant to section 13 or section
15(d) of the Securities  Exchange Act of 1934 that are incorporated by reference
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 30, 1997.

                                        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 30, 1997
    _________________      (Principal Executive Officer)
   (George D. Dalton)

            *              President and Director               May 30, 1997
    ----------------
    (Leslie M. Muma)

            *              Senior Executive Vice President,     May 30, 1997
    ________________       Treasurer and Director (Principal
   (Kenneth R. Jensen)     Financial and Accounting Officer)

            *              Vice Chairman, Director, President - May 30, 1997
    ________________       Information Technology, Inc.
   (Donald F. Dillon)

            *              Director                             May 30, 1997
    ----------------
    (Gerald J. Levy)

            *              Director                             May 30, 1997
    ----------------
  (L. William Seidman)

            *              Director                             May 30, 1997
    ----------------
 (Thekla R. Shackelford)

            *              Director                             May 30, 1997
    ----------------
  (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 for BHC Directors

     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 Coopers & Lybrand L.L.P.,
                         Independent Auditors

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

     24                  Powers of Attorney