Is anyone else having problems with Google Wallet after the latest update?

I regularly use it at my local grocery store with no problems besides the annoyance of having to reload the prepaid card, so I was very excited when Google released the update last week which allows payment with any card. However, installing the update seems to have broken the app for me; I just can't get it to work when I tap the terminal. When I tap it, nothing happens, whereas with the old version tapping the PayPass terminal brought up Google Wallet almost instantly. I've tried other places, like CVS, to no avail, and Android Beam still works so I guess it's not a problem with my phone's NFC. This is all on a stock, straight-from-Google Galaxy Nexus.

Is anyone else experiencing this?