FIRST DATA CORP
424B3, 1996-08-07
COMPUTER PROCESSING & DATA PREPARATION
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                                                                  RULE 424(b)(3)
                                             REGISTRATION STATEMENT NO. 333-4012

PRICING SUPPLEMENT NO. 4, Dated August 5, 1996
TO PROSPECTUS DATED August 1, 1996

                             FIRST DATA CORPORATION
                          MEDIUM-TERM NOTES, SERIES B
                                  (FIXED RATE)

              DUE FROM NINE MONTHS TO 30 YEARS FROM DATE OF ISSUE

PRINCIPAL AMOUNT: $50,000,000.00                CUSIP 32006Y AC 6

INTEREST PAYABLE EACH JANUARY 15 AND            FORM:
JULY 15 AND AT MATURITY                         [X] BOOK ENTRY  [_] CERTIFICATED

ISSUE PRICE: 100.036%                           REDEMPTION INFORMATION:

INTEREST RATE: 6.44%

AGENT'S COMMISSION: .35%                        REPAYMENT INFORMATION: Not 
                                                repayable prior to maturity

ORIGINAL ISSUE DATE: August 7, 1996

STATED MATURITY: August 9, 1999                 EXTENSION INFORMATION:

REGULAR RECORD DATES: January 1 and             DELAYED DELIVERY INFORMATION:
                      July 1

OVERDUE RATE: 6.44%                             NAME OF AGENT: Lehman Brothers 
                                                Salomon Brothers Inc 

DEPOSITARY: Depository Trust Company

AMORTIZING NOTE: [_] YES  [X] NO                OTHER PROVISIONS:

ORIGINAL ISSUE DISCOUNT NOTE: [_] YES  [X] NO

YIELD TO MATURITY: 6.43%                        ANNEX ATTACHED:  [_] YES  [X] NO

The aggregate principal amount of this offering is U.S. $50,000,000.00 and
relates only to Pricing Supplement No. 4. Medium-Term Notes, Series B, may be
issued by the Company having an aggregate initial offering price of up to U.S.
$250,000,000, subject to reduction under certain circumstances.

================================================================================
Type of Sale:                 If Principal transaction, reoffering at:
[X]   As Agent                [_]   Varying prices related to prevailing market 
                                    prices at the time of sale
[_]   As Principal            [_]   Fixed public offering price of __% of 
                                    Principal Amount
================================================================================




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