EMPLOYMENT AGREEMENT



     THIS EMPLOYMENT AGREEMENT is entered into this ___ day of _______, 2000 by

and between METAVANTE CORPORATION, a Wisconsin corporation (the "Company"), and

JOSEPH L. DELGADILLO ("Executive").



                                   RECITALS



     Executive is employed by the Company as its President and Chief Executive

Officer and serves as a member of the Company's Board of Directors (the "Board

of Directors").  The Company desires to provide management continuity for the

three years subsequent to the date of the initial public offering of the

Company's stock (the "IPO") by continuing to employ Executive pursuant to the

terms of this Employment Agreement.  Executive also desires to continue to be

employed by the Company in accordance with the terms and provisions contained

herein.



     NOW, THEREFORE, in consideration of the premises and mutual covenants and

agreements contained herein, the Company and Executive agree as follows.



     1. Employment.

        ----------



          (a)  The Company hereby employs Executive, and Executive hereby

     accepts employment, on the terms and subject to the conditions contained

     herein.



          (b)  During the Employment Term as defined in Section 2, below,

     Executive shall serve as the President and Chief Executive Officer ("CEO")

     of the Company.  In such capacities, Executive shall faithfully and to the

     best of his ability supervise, manage and administer the operations,

     business and affairs of the Company.  Executive shall have full executive

     authority and responsibility, subject to the control and direction of the

     Board of Directors, for the overall strategic policies, management and

     leadership of the Company and its subsidiaries.  During the Employment

     Term, Executive shall also serve as a Director of the Company (for so long

     as he shall be nominated and elected to fill such positions) and as an

     officer and/or director of such subsidiaries of the Company as may be

     designated by the Board of Directors, all without compensation other than

     as specified in this Agreement.



          (c)  During the Employment Term, and excluding any periods of vacation

     and sick leave to which Executive is entitled, Executive agrees to devote

     substantially all of his business time, efforts and skills to the business

     and affairs of the Company and, to the extent necessary to discharge the

     responsibilities assigned to Executive hereunder, to use Executive's

     reasonable best efforts to perform faithfully and efficiently such

     responsibilities.  It shall not be a violation of this Agreement for

     Executive to (A) serve on corporate, civic or charitable boards or

     committees, (B) deliver lectures, fulfill speaking engagements or teach at

     educational institutions and (C) manage personal investments, so long as

     such

<PAGE>



     activities do not materially interfere with the performance of Executive's

     responsibilities as an employee of the Company in accordance with this

     Agreement.



     2. Employment Term.

        ---------------



        The term of the employment of Executive under this Agreement (the

"Employment Term") shall commence as of the date hereof and shall continue,

unless sooner terminated under Section 7 hereof, until the third anniversary of

the IPO.



     3. Salary.

        ------



        (a)  During the Employment Term, Executive shall be paid a salary at

     the rate of at least $380,000 per annum (the "Annual Base Salary"), payable

     in equal installments in accordance with the Company's customary payroll

     practices in effect from time to time.



        (b)  Executive's Annual Base Salary shall be reviewed at least

     annually and may be increased at any time and from time to time as the

     Compensation Committee of the Board of Directors (the "Compensation

     Committee"), in its sole discretion, shall deem appropriate.  The term

     Annual Base Salary as utilized in this Agreement shall refer to Annual Base

     Salary as so increased.  Any increase in Annual Base Salary shall not serve

     to limit or reduce any other obligation to Executive under this Agreement.

     Annual Base Salary shall not be reduced at any time during the Employment

     Term.  Annual Base Salary is subject to income and employment tax

     withholding and all amounts in this Agreement are stated prior to any such

     deductions.



     4. Bonus and Long-Term Incentives.

        ------------------------------



        (a)  In addition to Annual Base Salary, Executive shall be eligible to

     receive, for each fiscal year ending during the Employment Term, an annual

     bonus (the "Annual Bonus") determined in accordance with Executive's short-

     term incentive plan as approved by the Compensation Committee or the

     Company's Board of Directors (the "Bonus Plan").



        (b)  Executive shall be eligible to participate in those long-term

     incentive plans available to senior executives of the Company, including

     the 2000 Stock Incentive Plan or any successor thereto, in an amount and on

     such terms as shall be determined by the Compensation Committee or as

     otherwise provided in the applicable plan.  Executive shall also be

     eligible to participate in the Company's Deferred Compensation Plan, when

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