NATURE OF BUSINESS

3 Months Ended

Mar. 31, 2012

NATURE OF BUSINESS [Abstract]

NATURE OF BUSINESS

Note 1 - Nature of Business

Direct Insite Corp. and Subsidiaries ("Direct Insite" or 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 9, the Company has three major customers that accounted for 88.1% and 91.5% of the Company's revenue for the three months ended March 31, 2012 and 2011, respectively.  Loss of any of these customers would have a material effect on the Company.