Definitions for "payer"
One who pays; specifically, the person by whom a bill or note has been, or should be, paid.
(Or Payor.) One who pays or is to pay, particularly the person who is to make payment of a check, bill, note, or account.
Generally regarded as the guarantor of payment. Could be an employer, health and welfare fund, insurer, or a broker for the employer or labor organization acting in a purchasing agent capacity, or an individual.
A payer is any insurance or dental benefits carrier. Examples of payers are Delta Dental of Michigan, Blue Cross Blue Shield and MetLife.
Keywords:  giver, sender, funds
A giver or sender of funds.
The person, who by signing a DDI, has given authority for his account to be debited by the Originator using the scheme.
Keywords:  writes, check, gives, money, individual
An individual or company who writes a check; one who gives money as payment.
Keywords:  buyer, see