I have to disagree with you most emphatically. PCI DSS was a response to a very bad issue, which was and is credit card fraud.
If you look at the DSS, it's eminently sensible and in fact if you implement it properly you will most definitely have a secure environment for credit card transactions. If you do not follow it, then you are leaving yourself at significant risk to be being breached and credit card data being stolen.
I'm curious though: what part of the PCI-DSS merely creates "a racket", and what parts "extract money"?
If you look at the DSS, it's eminently sensible and in fact if you implement it properly you will most definitely have a secure environment for credit card transactions. If you do not follow it, then you are leaving yourself at significant risk to be being breached and credit card data being stolen.
I'm curious though: what part of the PCI-DSS merely creates "a racket", and what parts "extract money"?