ActivCard Products and Solutions, Together with Leading Partners, Tackle New Compliance Guidelines

FREMONT, Calif., November 3, 2005 – ActivCard®, Corp. (Nasdaq: ACTI), a global leader in digital identity assurance, today announced it supports the guidance recently issued by the Federal Financial Institutions Examination Council (FFIEC) for strengthening the proof of identity in online banking transactions. The announcement, “Authentication in Internet Banking Environment,” describes enhanced authentication methods that regulators expect banks to use when authenticating the identity of customers using online products and services. Financial institutions will be expected to achieve compliance with the guidance no later than year-end 2006.

The announcement calls for an end to static passwords, or single-factor authentication, as they are inadequate for high-risk transactions involving access to customer information or the movement of funds to other parties. The guidance reflects the recent technological advances that have been made over the last four years.

“The FFIEC’s announcement is significant for our industry, recognizing multi-factor authentication as a first line of defense in protecting customers information as well as the bank’s reputation,” said Ben C. Barnes, Chief Executive Officer of ActivCard. “ActivCard has been securing online banking transactions for over a decade and has deployed over five million security devices to more than one hundred banking customers worldwide, including the world’s largest banking token deployment ever.”

ActivCard’s worldwide banking customers include: Allied Irish Bank, Barclays Bank, China Trust, Commonwealth Bank, Crédit Agricole, First National Bank, M&T Bank, Swedbank, and United Overseas Bank. These banks are realizing the benefits of e-commerce while protecting their customers from identity theft attacks. With ActivCard solutions for Financial Services, banks are ensured that their customers’ passwords cannot be used to gain access to their financial information without their knowledge.

“Our employees and customers alike are conducting confidential and time-critical transactions over the Internet, where security is essential,” said Daniel Savoyen, e-Business and Security Director at CEDICAM, a subsidiary of Crédit Agricole, specialized in payments and flow. “Solutions from ActivCard met our needs. ActivCard offered the interoperability and openness we were looking for as well as a migration path as we continue to evolve our security program.”

“By offering a range of solutions for banks, ActivCard addresses their need for stronger authentication and for administration of credentials or devices that provide an increased level of security,” said Julian Lovelock, Director of Financial Services at ActivCard. “Our open-standard technology provides a lower total cost of ownership, accelerating the return on investment.”

ActivCard Banking Security Solutions
For more information on ActivCard's full range of banking and consumer security products, please visit www.activcard.com.

About ActivCard
ActivCard is a global provider of identity assurance solutions that allow customers to issue, use and manage trusted digital identities to enable secure transactions, communication and access to information. ActivCard's solutions include secure remote access, single sign-on, enterprise access cards, and multi-channel identification and verification. Globally, over ten million users at corporations, government agencies, and financial institutions use ActivCard solutions to safely and efficiently interact electronically. Headquartered in Fremont, Calif., ActivCard has development centers in the US, Australia, France, and the United Kingdom, and sales and service centers in more than ten countries. For more information, visit www.activcard.com.

The statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties, including risks associated with the integration of acquired companies, products and technologies into our operations, our future operating results, changes in our management team, changes in our business focus, cost reduction initiatives and streamlining of our operations, our history of losses, the concentration of our customer base, our reliance on strategic relationships, and other risks identified in our periodic filings with the United States Securities and Exchange Commission, including, but not limited to, those appearing under the caption "Risk Factors" in our most recent Annual Report on Form 10-K and in our Quarterly Reports on Form 10-Q. Copies of these filings are available from ActivCard and on the SEC's website at www.sec.gov. Actual results, events and performance may differ materially from our forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ActivCard disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

ActivCard is a registered trademark in the United States and other countries. All other trademarks are the property of their respective owners in the United States and/or other countries.

US Contact:
Robin Schultz
ActivCard Corp.
1-510-745-6221
rschultz@activcard.com

EMEA Contact:
Isabelle Joulot
ActivCard Europe
33-0-1-42-04-84-00
isabelle.joulot@activcard.fr