Payment card security standard has been in effect since 2006. Some merchants, processors and banks make more investments in emerging technologies, which devalue and/or eliminate card data from payments transactions. Some attendees at last week’s event suggest that it’s not just about limiting scope, but, rather, removing card data altogether from a payments transaction. It will be years before clear-text card data is largely removed from transaction processing. And once security standards like the PCI-DSS are put in place, they rarely are eliminated.”]
Source: https://www.bankinfosecurity.com/blogs/pci-dss-still-viable-p-1887