Mine was working fine after the update but I just had the problem at a terminal, it seems it's not fixed for me after all. Not sure why it was ok for a, few days and it's acting up again. I will do some testing see if it's intermittent.
I found the problem and mine is fixed.
I wanted to update google play services, I found out that is a beta version and as a testing version so I removed myself as tester and uninstalled the beta version, then restarted my phone.
When I opened the wallet, my cards were deleted and had to install them back.
I tried the google wallet with different cards and terminals and it is working fine.
It is a Google glitch in there Google Play Services beta version and not Microsoft update. Maybe the Microsoft update has triggered the glitch.
So if you have in Google Play Services beta version uninstall it, restart your phone and you should be up and running.