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: November 21, 2007
                        (Date of earliest event reported)


                               DIRECT INSITE CORP.
             (Exact Name of Registrant as Specified in its Charter)



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


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

        Registrant's telephone number, including area code (631) 873-2900
                                 --------------

              ----------------------------------------------------
         (Former name or former address, if changed since last report.)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[  ] Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b)

[  ] Pre-commencement communications pursuant to Rule 13e-4c under the Exchange
     Act (17 CFR 240.13e-4c)



Item 1.01  Entry into a Material Definitive Agreement

     On November 21, 2007, Registrant and Metropolitan Venture Partners II, L.P.
("MetVP") entered into an agreement  resolving certain disputes which had arisen
with respect to the payment of dividends  and interest to MetVP as the holder of
Registrant's  Series A Preferred Stock. The Agreement provides that, in addition
to the undisputed sum of $1,405,615.00,  Registrant will be paying an additional
$500,000.00  through  September 25, 2008 in consideration  of past,  present and
future  dividend  and  interest  payments  through  that date.  All payments are
conditioned upon there being funds legally available for such payments when due.
The agreement  further provides for the issuance to MetVP of 100,000  restricted
shares of the Registrant'  common stock.  Reference is made to Exhibit 10 for a
more detailed description of this transaction.


Item 9.01  Financial Statements and Exhibits

     10   Settlement  Agreement  between  Direct Insite Corp.  and  Metropolitan
          Venture Partners II, L.P. dated November 21, 2007.


                                   Signatures
                                   ----------

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


                                          DIRECT INSITE CORP.


                                          By: /s/ Michael J. Beecher
                                              -----------------------
                                              Michael J. Beecher
                                              Chief Financial Officer

Dated:   November 27, 2007