Payment method & is not defined in company code &; correct

What causes this issue?

Payment method &V1& was not defined for company code &V2&.

System Response

The payment method is rejected.

How to fix this error?

Enter an allowed payment method.
<ZH>Procedure for the system administrator</>
If you want to allow payment method &V1&, enter it within payment
program customizing for company code &V2&. <DS:TRAN.FBZP>Proceed</>.

Error message extract from SAP system. Copyright SAP SE.