=====================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549
                    ----------------------------------------

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): December 5, 2003

                               DIRECT INSITE CORP.
             (Exact Name of Registrant as specified in its charter)


            Delaware                 0-20660                 11-2895590
(State or other jurisdiction    (Commission File           (IRS Employer
      of Incorporation)             Number)             Identification Number)



 80 Orville Drive, Bohemia, NY                           11716
(Address of principal executive offices)               (Zip Code)


       Registrant's telephone number, including area code (631) 244-1500





Item 5. Other Events

     1. In December,  2003, the Company extended its Services Agreement with its
Chief Executive  Officer,  James A.  Cannavino,  for a term ending on August 24,
2007.  The  agreement  calls for  compensation  of $15,000 per month and 360,000
options,  vesting 7,500 per month for the term of the agreement (48 months),  to
purchase the Company's  common stock at an exercise price of $1.16,  the closing
price of the Company's common stock on the date the agreement was effective. The
agreement  provides for reimbursement of reasonable  out-of-pocket  expenses and
further provides for living and travel expenses not to exceed $11,000 per month.

     2. In August,  2003, the Company executed an Employment  Agreement with its
President,  Robert L. Carberry for an employment  term ending on August 15, 2004
and  thereafter a consulting  period  ending on February 15, 2007.  Compensation
while  serving as  president  will be $240,000 per annum.  Additionally,  he was
granted  options to  purchase  200,000  shares of the  Company's  common  stock,
150,000  vesting upon  execution of the agreement with the balance fully vesting
by January 1, 2004.  These  options  have an exercise  price of $1.16 per share.
Further,  in addition to  reimbursement  of  reasonable  out of pocket  business
expenses,  during his term as President he will be entitled to living and travel
expenses not to exceed $3,100 per month.  During the  consulting  period (August
16, 2004  through  February  15,  2007) he will be required to consult  with the
Company and it senior executive officers regarding its respective businesses and
operations.  Such consulting services shall not require more than 48 days in any
calendar  year,  nor more than  four days in any  month.  The  Company  will pay
$12,000 per month.

Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits.

     (c) Exhibits

     10.1 Services Agreement between the Company and James A. Cannavino.

     10.2 Employment and Consulting  Agreement between the Company and Robert L.
Carberry.






                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                      DIRECT INSITE CORP.


                                      By: /s/ George Aronson
                                      George Aronson
                                      Chief Financial Officer
Dated:   December 10, 2003