Chime Enterprise – the enterprise division of leading financial technology company Chime® – launched PayTV™ (Transparency & Visibility) at Payroll Congress, the payroll industry’s premier event featuring thousands of payroll professionals. PayTV is a purpose-built tool that provides payroll professionals with real-time confirmation when employees can access their pay. Whether employees use Chime or another financial institution, PayTV offers users visibility and predictive insights into their employees’ payment status, eliminating the black box that’s traditionally kept payroll teams in the dark and helping prevent potentially costly payroll errors.
Available now at zero cost as a standalone offering or through Chime Workplace, the all-in-one financial wellness suite for employers, PayTV offers one centralized dashboard that empowers payroll teams to:
- Track when funds arrive — instantly for Chime members, and with predictive estimates for employees using other financial institutions.
- Resolve issues faster — quickly identify delays or errors without back-and-forth between processors and banks.
- Respond with confidence — answer employee questions using real-time, data-driven insights.
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“Payroll professionals are asked to guarantee something they can’t see,” said Konstantin Getmanchuk, Head of Product at Chime Enterprise. “When someone says, ‘I didn’t get paid’ or ‘My amount is wrong,’ payroll teams are stuck in the middle – without the insight they need to address their employees with confidence. PayTV finally gives them the power to see what’s actually happening, in real time.”
Since 2015, tens of millions of employees have received early direct deposits across some of the largest financial institutions in the U.S. With the increasing variability in the timing of employee pay due to new technology like early direct deposit and earned wage access, the need for this real-time visibility is clear. PayTV brings more transparency to employee pay, which in turn can lead to greater trust across the organization, reduced support burden to payroll, and a stronger employee experience on payday.
Shaping the Future of Payroll
PayTV continues Chime Enterprise’s movement to champion payroll professionals. Earlier this year, Chime introduced 30×30TM, a bold initiative to influence the creation of 30 Chief Payroll Officers by 2030, and equip teams with tools like the Early Direct Deposit Command Center, which provides payroll teams with comprehensive educational content and employee resources on the latest payroll-related topics and trends.
“PayTV reflects our commitment to breaking down barriers for payroll teams by delivering new tools and resources that improve their day-to-day,” said Jason Lee, Chief of Chime Enterprise. “This is about removing friction, so every employee can be in control of their pay and every payroll team can breathe easier.”
Source: PRNewswire
