No payment methods involving bank collection are defined for format &

What causes this issue?

The MT100 Customer Transfer is a payment statement made by the payer.

System Response

As the payment method selected (&V2&) is for bank collection, the
program terminates after being started.

How to fix this error?

Use an appropriate payment method.
<DS:TRAN.FBZP>Proceed</>

Error message extract from SAP system. Copyright SAP SE.