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NCUA has given the green light to an organizing committee to proceed with forming a payments corporate out of the present payments-related functions at U.S. Central Bridge. Some 14 corporates have indicated agreement in principle to capitalizing this new, special purpose corporate which will be distinguished by its narrowly focused range of activities–“only payments related,” said Brandt Peterson, executive vice president at SunCorp and a member of the organizing council for the payments corporate.

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