No, the Process Files action only knows about local drives and LAN-accessible network shares. If you have only FTP/Telnet access to the server, one option would be to run a server-side script to ZIP up the the files (if it's a Windows server, this could be done by running a VBP project on the server via the Telnet action or rcmd/rconsole), then FTP the ZIP file and uncompress on the client side.
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