I have spent a couple of hours now with 2 different Intuit/QB's Support people without resolving this issue. They both agreed that although I was designating the payment type it failed to show up in that field on the receipt. I was put on hold multiple times for them to go to their resources only to be told that they would present the issue to the next level. Later I received an email from the last CS person stating this wasn't going to be an option.

This is my response to that:

It is pure nonsense to have a line item (in bold, I might add) on the receipt for Payment Method and not have that information populate on the receipt. This is nothing but pure laziness.  I can see from comments here that Intuit has been made aware of this for years and has done nothing about it. The right thing to do is to remove that from the receipt or populate it with the information provided when the end user accepts payment.

Shame on you for not caring about how unprofessional this looks. Shame on you for making us look like donkeys because it appears we didn't put the information in that space. You need to get your programmers more interested in content than how pretty they think they can make things. Show you care and fix this issue.