NATURE OF BUSINESS

12 Months Ended

Dec. 31, 2011

NATURE OF BUSINESS [Abstract]

NATURE OF BUSINESS

Note 1 – Nature of Business

Direct Insite Corp. and Subsidiaries (the “Company”), primarily operate as a Software as a Service provider (“SaaS”), that markets an integrated transaction based “fee for service” offering called Invoices On-Line (“IOL”), an electronic invoice presentment and payment (“EIP&P”) service that processes high volumes of transactional data for invoice presentment purposes delivered via the Internet on a global basis.  Throughout the year, the Company operated redundant data centers in Miami, Florida, Commack, New York and Santa Clara, California.

As described in Note 12, the Company has three major customers that accounted for 92.0% and 94.2% of the Company's revenue for the years ended December 31, 2011 and 2010, respectively.  Loss of any of these customers would have a material effect on the Company.