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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001201800-03-000114.txt : 20030722
<SEC-HEADER>0001201800-03-000114.hdr.sgml : 20030722
<ACCEPTANCE-DATETIME>20030722171812
ACCESSION NUMBER:		0001201800-03-000114
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030722
FILED AS OF DATE:		20030722

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:			YUNICH PETER B
		CENTRAL INDEX KEY:			0001197006

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20660
		FILM NUMBER:		03797016

	BUSINESS ADDRESS:	
		STREET 1:		C/O METROPOLITAN VENTURE PARTNERS
		STREET 2:		257 PARK AVE. SOUTH 15TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10010
		BUSINESS PHONE:		2128443675

	MAIL ADDRESS:	
		STREET 1:		C/O METROPOLITAN VENTURE PARTNERS
		STREET 2:		257 PARK AVE. SOUTH 15TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10010
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-07-22</periodOfReport>
    <issuer>
        <issuerCik>0000879703</issuerCik>
        <issuerName>DIRECT INSITE CORP</issuerName>
        <issuerTradingSymbol>DIRI</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId>
            <rptOwnerCik>0001197006</rptOwnerCik>
            <rptOwnerName>YUNICH PETER B</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeSecurity><securityTitle><value>Common Stock $0.0001 par value</value></securityTitle><transactionDate><value>2002-11-15</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>1000</value></transactionShares><transactionValue><value>1.59</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></nonDerivativeSecuri
ty><derivativeSecurity><securityTitle><value>2003A Stock Option Plan (Right to Buy)</value></securityTitle><conversionOrExercisePrice><value>1.26</value></conversionOrExercisePrice><transactionDate><value>2003-07-18</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>8000</value></transactionShares><transactionValue><value>1.26</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2005-03-31</value></exerciseDate><expirationDate><value>2006-04-01</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>8000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>8000</value></sh
aresOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></derivativeSecurity><derivativeSecurity><securityTitle><value>Series A Convertible Preferred Stock par value $0.0001 </value></securityTitle><conversionOrExercisePrice><value>1.40</value><footnoteId id="F1"/></conversionOrExercisePrice><transactionDate><value>2003-06-03</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>P</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>17587</value></transactionShares><transactionValue><value>14.00</value><footnoteId id="F1"/></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-09-25</value></exerciseDate><expirationDate><value>2005-09-25</value><
/expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>175870</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>134410</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value><footnoteId id="F2"/></directOrIndirectOwnership><natureOfOwnership><value>Indirect</value><footnoteId id="F2"/></natureOfOwnership></ownershipNature></derivativeSecurity><footnotes><footnote id="F1">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 liquidation 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.</footnote><footnote id="F2">Metropolitan Venture Partners II, 
L.P. (&quot;MetVP&quot;) is the direct owner of an aggregate 134,680 shares of Series A Convertible Preferred Stock,par value $0.0001 per share,of Direct Insite Corp.(the &quot;Issuer&quot;),including shares acquired pursuant to the transaction pursuant to which Form 4 was filed 6/3/03,which are convertible as of the date of that statement into 1,346,800 shares of Common Stock,par value $0.0001 per share of the Issuer (the Shares&quot;).The Reporting Person is a Managing Partner of MetVP &amp; a limited partner of MetVP.In addition the Reporting Person is a limited partner in Metropolitan Venture Partners (Advisors) L.P. (&quot;MetVP Advisors&quot;) the general partner of MetVP &amp; is on the board &amp; is a shareholder in Metropolitan Ventures Corp.,the general partner of MetVP Advisors.As a result,the Reporting Person may be deemed to own beneficially &amp; indirectly the Shares.The Reporting Person disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein.</foot
note></footnotes><ownerSignature><signatureName>Peter B. Yunich</signatureName><signatureDate>2003-07-22</signatureDate></ownerSignature></ownershipDocument>

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