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Toronto's Plooto Wants to Take the Pain Out of Payments

Despite the innovations in the consumer-oriented payments, many small businesses still rely on cheques for their business-to-business payments.

And according to a recent study by Scotiabank, managing payables and receivables cost businesses on average $15 to $25 per payment when considering account and processing fees, wire or postage costs, account administration and reconciliation time.

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