Error Joomla Virtuemart

Looking for someone to resolve this error ASAP. When attempting a cart checkout I get to step 3 (payment method) where only one payment method is available - credit card payment. There a form is displayed with the following fields: credit card type: name on card: credit card number: credit card security code: Expiration Date: The problem is that all the fields have an input box except the credit card type. Since there is no way to enter a credit card type (e.g., visa or master card) this results in the following checkout error Error: Credit Card Type not found