What does ppsa register msp mean?

Answer 1

PPSA = Personal Property Security Act

MSP = Merchant Service Provider

A financial agreement is made (loan, credit line, lease, overdraft protection, etc.) and has been registered with the branch of the ministry (government) called P.P.S.A.

A third party company (called a Merchant Service Provider) processes the transaction and registers it with the ministry on behalf of the bank. The bank in turn transfers the amount from your bank account to cover the service fee and the transfer shows up as "PPSA Register MSP".

Because of the involvement of a third party it ends up looking similar to a bill payment and often, even by bank employees, is confuse with being the name of a company causing many people to believe it was a Debit Card purchase or some other kind of money transfer done in error and not a service fee.