What's the difference between a periodical payment and a direct debit?

How can we ensure the security and transparency of transactions for all purchases made on digital platforms?

Periodical payment is a Push payment sent by you to a receiver on a specific day that is processed IF you have sufficient balance. A direct debit is a Pull payment where another party attempts to pull money from your account once or multiple times. The party does not know if your account has balance to honor it.

A periodic payment is payment a specific time frame. It may be monthly, quarterly, biannual, and annualy. Periodic payment can be made by cash, check, and wire transfer or direct debit.

Direct debit could also be a periodic payment but it is initiated by the bank and directly deducted from the bank account of the depositor. Direct debit is made by the bank with a prior approval/authorization from the depositor.

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Periodical payment is a fixed time fram charging payment.

Whereas, 

A direct payment is an immediate charging payment.

Periodic payments are being raised by the organaization on periodic basis such as staff payrolls, insurance premiums, rentals, for suppliers etc. While Direct debits are done for specific payments on behalf of standing insturctions given to their bank, bank directly paid to the authorized beneficiary when the payment is due without receiving the payment request form account holder/organiazation.