-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000932214-07-000106.txt : 20070620
<SEC-HEADER>0000932214-07-000106.hdr.sgml : 20070620
<ACCEPTANCE-DATETIME>20070620163017
ACCESSION NUMBER:		0000932214-07-000106
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070619
FILED AS OF DATE:		20070620
DATE AS OF CHANGE:		20070620

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Waye Thom
		CENTRAL INDEX KEY:			0001327217

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20660
		FILM NUMBER:		07931632

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		212-201-6636

	MAIL ADDRESS:	
		STREET 1:		C/O SIGMA CAPITAL ADVISORS, LLC
		STREET 2:		800 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DIRECT INSITE CORP
		CENTRAL INDEX KEY:			0000879703
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				112895590
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		80 ORVILLE DR
		CITY:			BOHEMIA
		STATE:			NY
		ZIP:			11716
		BUSINESS PHONE:		5162441500

	MAIL ADDRESS:	
		STREET 1:		80 ORVILLE DRIVE
		CITY:			BOHEMIA
		STATE:			NY
		ZIP:			11716

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMPUTER CONCEPTS CORP /DE
		DATE OF NAME CHANGE:	19930328

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Sigma Opportunity Fund LLC
		CENTRAL INDEX KEY:			0001291480

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20660
		FILM NUMBER:		07931635

	BUSINESS ADDRESS:	
		STREET 1:		800 THIRD AVENUE
		STREET 2:		SUITE 1701
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2122016636

	MAIL ADDRESS:	
		STREET 1:		800 THIRD AVENUE
		STREET 2:		SUITE 1701
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Sigma Capital Partners, LLC
		CENTRAL INDEX KEY:			0001327128
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20660
		FILM NUMBER:		07931633

	BUSINESS ADDRESS:	
		STREET 1:		800 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-201-6636

	MAIL ADDRESS:	
		STREET 1:		800 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Sigma Capital Advisors, LLC
		CENTRAL INDEX KEY:			0001327130
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20660
		FILM NUMBER:		07931634

	BUSINESS ADDRESS:	
		STREET 1:		800 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-201-6636

	MAIL ADDRESS:	
		STREET 1:		800 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form461907_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-06-19</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000879703</issuerCik>
        <issuerName>DIRECT INSITE CORP</issuerName>
        <issuerTradingSymbol>DIRI.OB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001291480</rptOwnerCik>
            <rptOwnerName>Sigma Opportunity Fund LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>800 THIRD AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1701</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001327130</rptOwnerCik>
            <rptOwnerName>Sigma Capital Advisors, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>800 THIRD AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001327128</rptOwnerCik>
            <rptOwnerName>Sigma Capital Partners, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>800 THIRD AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001327217</rptOwnerCik>
            <rptOwnerName>Waye Thom</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O SIGMA CAPITAL ADVISORS, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>800 THIRD AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-06-19</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>631176</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.51</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This Form 4 is filed jointly by Sigma Opportunity Fund, LLC (&quot;Sigma&quot;), Sigma Capital Advisors, LLC (&quot;Sigma Advisors&quot;), Sigma
 Capital Partners, LLC (&quot;Sigma Partners&quot;) and Thom Waye.  Mr. Waye, Sigma Advisors and Sigma Partners may have been deemed to
 be 10% owners of Direct Insite Corp. (the &quot;Company&quot;) and Sigma was a 10% owner of the Company.  The securities reported in
 this Form 4 were owned directly by Sigma and were owned indirectly by Sigma Advisors by virtue of it being the managing
 member of Sigma and by Sigma Partners by virtue of it being the sole member of Sigma Advisors and by Mr. Waye by virtue of
 his position as the sole member of Sigma Partners.  Mr. Waye, Sigma Advisors and Sigma Partners disclaim beneficial
 ownership of the shares that were owned by Sigma except to the extent of their pecuniary interest therein.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Sigma Opportunity Fund, LLC, By:  Sigma Capital Advisors, LLC, By:  Kevin W. Waite, Authorized Representative, /s/Kevin W. Waite</signatureName>
        <signatureDate>2007-06-20</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Sigma Capital Advisors, LLC, By:  Kevin W. Waite, Authorized Representative, /s/Kevin W. Waite</signatureName>
        <signatureDate>2007-06-20</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Sigma Capital Partners, LLC, By:  Kevin W. Waite, Authorized Representative, /s/Kevin W. Waite</signatureName>
        <signatureDate>2007-06-20</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Thom Waye, By:  Kevin W. Waite, By Power of Attorney, /s/Kevin W. Waite</signatureName>
        <signatureDate>2007-06-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----