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The sender also needs to know the recipient’s account details. Fees as high as $30 per transfer mean that wires were better used for high payments. The fees have been considered rather high to settle small debts between friends. While the transfer of checks and cash can avoid those high fees, the loss of protections makes these choices fundamentally insecure, with few if any safeguards against theft, loss or fraud. A digital wallet lets you add your card info to your mobile devices or online accounts to use in stores, online or in apps without the physical card. Digital wallets utilize security features that are built into your device to protect your payment transactions. As phones have become more secure so they too have become less attractive items to steal. Thefts of smartphones declined by as much as 50 percent following the introduction of kill switches, lowering the occurrence of one way for thieves to empty P2P payment accounts. The advantages of apps like Venmo and Snap Ca...