To modify the labels of the texts displayed by default:
Double click on the Customized text column where the text needs to be customized.
Enter the new text.
To view the customized text in its context, click on View and select the page(s) where this text will appear.
Click on Save to validate your customization.
Click on Enable in live mode, on the top right corner, to apply changes (both in the advanced customization tab and on payment pages and e-mails in live mode).