To sort or rename a payment method, you have a dedicated area.
You have the option to select only sorting.

Or if you prefer only rename the payment method

And of course, you can also Sort and rename at the same time.

To Sort a specific payment method is as simple as an easy drag and drop.  

To Rename a payment method you can use the botton "Rename"

If you are unable to locate your desired payment method within the list, you have the option to add it manually to the list.

Of course, if you don't find your payment method, don't worry just add it.

After selecting which payment method you want to hide there is one last step: SAVE!