EX-99

                                                                    Exhibit 99.1


The reported number of shares of Common Stock underlying the Series A
Convertible Preferred Stock reflects the initial conversion rate of 1-for-10
(the ratio of the current liquidatin value of the Series A Convertible Preferred
Stock of $14.00, to the current conversion price of $1.40) pursuant to the terms
of the Series A Convertible Preferred Stock.

EX-99

                                                                    Exhibit 99.2


Metropolitan Venture Partners II, L.P. ("MetVP") is the direct owner of an
aggregate of 134,410 shares of Series A Convertible Preferred Stock, par value
$0.0001 per share, of Direct Insite Corp. (the "Issuer"), including the shares
acquired pursuant to the transaction pursuant to which this Form 4 is being
filed, which are convertible as of the date of this statement into 1,344,100
shares of Common Stock, par value $0.0001 per share of the Issuer (the
"Shares"). The Reporting Person is a Managing Partner of MetVP as well as a
limited partner of MetVP. In addition, the Reporting Person is a limited partner
in Metropolitan Venture Partners (Advisors), L.P. ("MetVP Advisors"), which is
the general partner of MetVP and is on the board of directors and is a
shareholder in Metropolitan Venture Partners Corp., which is the general partner
of MetVP Advisors. As a result of the foregoing, the Reporting Person may be
deemed to own beneficially and indirectly the Shares. The Reporting Person
disclsims beneficial ownership of the Shares except to the extent of his
pecuniary interest therein.