Yes, it was removed as of v1.3.9a because it empowers storeowners to do things with credit card numbers which are not PCI-Compliant practices.
For secure transaction processing, you should really be moving to a live processing gateway instead. You can see recommended gateways by clicking on the "Recommended Services" link at the top of this page, or talk to your bank for a list of compatible gateway services supported by your merchant account.
If you prefer to assume all security and fraud risks associated with collecting credit card details in insecure manners, there is a "manual card" module in the Free Addons area. Use at your own risk. It's also important that you tell your bank that you're using such a module so that they're aware of the risks you're taking with your transactions.
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Remember: Any code suggestions you see here are merely suggestions. You assume full responsibility for your use of any such suggestions, including any impact ANY alterations you make to your site may have on your PCI compliance.
Furthermore, any advice you see here about PCI matters is merely an opinion, and should not be relied upon as "official". Official PCI information should be obtained from the PCI Security Council directly or from one of their authorized Assessors.