No payment groups found for payment run &1 &2

What causes this issue?

No suitable payment group found for payment run &V1& &V2&
IF &V3& NE ' '
No valid payments exist for payment medium format &V3& and named
payment run. Check whether valid payments were created and whether the
payments use another format.
ENDIF
IF &V4& NE ' '
<DS:REPO.RFPAYG_LISTPOPUP>Payment groups of the payment run</>
ENDIF

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.