Hi Ragurama,
The error is Street or P.O. box entry is missing in Vendor master data.
So, go to vendor master data, maintain the street or P.O box by tcode FK02.
The system shows this error because of Payment method's setting in tcode OBVCU.
When you go to tcode OBVCU, choose your country and payment method, you'll see this setting in Required master record specification area, like below:
For more information, when you set up the parameter for Automatic Payment Program (APP), example you set Docs entered up to 15.03.2014, the Next Payment date should be later few days.
Julie