What is PTR in accounting?

#Accounting

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What is PTR in accounting?

Kamendra kumar 6th Dec, 2022

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Kamendra kumar 6th Dec, 2022

In accounting, PTR stands for “Payment Trace Request”. It is used by the originating depository financial institution (ODFI) to request the receiving depository financial institution (RDFI). It provides information related to the status of the payment like not received, posted, or returned.

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