The incident occurred at Chester Pike and Laurel in Sharon Hill.
According to witnesses, a black Mercedes sped away from the scene.
"The automobile immediately fled the scene, its driver making no effort to stop, and no effort to render aid," said Delaware County District Attorney Mike Green.
Payne has been under investigation for months, after an informant tipped police about the location of a black Mercedes inside a garage on State Road in Upper Darby.
"The informant named the owner and identified the driver of the hit and run vehicle as Lemuel Payne," Green said.
Payne's lawyer refused to make public comments on the case Thursday, including the D.A.'s allegation that Payne told he his employer that he could not come to work because he'd been involved in a fatal hit and run accident the day before.
Payne's family refused comment as they left his arraignment at midday, but the uncle of Faith Sinclair had this comment as he left the hearing.
"Nothing will bring her back. Hopefully the memory of a very good person will live on," said Frank Daly.
The hit and run investigation continues to see if there were any passengers in Payne's car and whether or not he was driving under the influence at the time of the deadly hit and run accident.
Payne's bail was set at $750,000 dollars, which means his family will have to post $75,000 cash. If that happens and he's released, he'll be outfitted with an electronic monitoring device as the grim process goes forward."