Transaction & for document & cannot be run (data missing)

What causes this issue?

The system does not contain sufficient input data to correctly create an
order using bank transaction &V1&. This affects payment document &V2&.

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

System Response

The generated data medium does not contain all the required data. The
bank may not be able to completely process this data medium.

How to fix this error?

Correct the data in the system by maintaining missing data such as bank
details or completing the address of the customer/vendor.
If all you have so far generated is a proposal run, you can delete this
and regenerate it.
If, however, you have carried out an actual payment run, you must
provide the bank with the missing information.

Error message extract from SAP system. Copyright SAP SE.