The WSJ is reporting tonight that payments company Square was in acquisition talks with Google. We’re hearing from multiple sources close to both companies that these talks did not in fact take place in any serious capacity.

Co-founded by Twitter co-founder Jack Dorsey, Square has raised over $300 million in funding from top tier investors like Khosla, Sequoia and Kleiner Perkins; and is valued in the billions.

But payments, especially at the point of sale, is a tough industry…