This allows you to process Stripe's Customer Name into its individual components. For example, if the Customer Name is "Dr. Robert Franklin Smith, Sr." and the Enable Customer Name Processing option is marked, the following fields will be populated:
Customer Name - Prefix: Dr.
Customer Name - First Name: Robert
Customer Name - Middle Name: Franklin
Customer Name - Last Name: Smith
Customer Name - Suffix: Sr.
You will also see the full name populated within the Customer Name - Name field with this option marked.
If you do not wish to split the Name field, unmark the Enable Customer Name Processing option. This will provide the full name populated within the Customer Name - Name field and will not process it into the individual fields listed above.