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REVENUES
 3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
The following tables present a disaggregation of our revenues from contracts with customers by geography for each of our reportable segments for the three months ended March 31, 2021 and 2020:
Three months ended March 31, 2021
Merchant
Solutions		Issuer
Solutions		Business and
Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$1,080,470 $378,043 $240,633 $(16,905)$1,682,241 
Europe132,934 117,412 2,952 — 253,298 
Asia Pacific54,468 4,796 — (4,796)54,468 
$1,267,872 $500,251 $243,585 $(21,701)$1,990,007 

Three months ended March 31, 2020
Merchant
Solutions		Issuer
Solutions		Business and
Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$1,024,504 $393,754 $203,946 $(17,733)$1,604,471 
Europe135,999 108,362 — — 244,361 
Asia Pacific54,766 1,646 — (1,646)54,766 
$1,215,269 $503,762 $203,946 $(19,379)$1,903,598 

The following table presents a disaggregation of our Merchant Solutions segment revenues by distribution channel for the three months ended March 31, 2021 and 2020:
Three Months Ended
March 31, 2021March 31, 2020
(in thousands)
Relationship-led$668,556 $676,522 
Technology-enabled599,316 538,747 
$1,267,872 $1,215,269 

ASC Topic 606, Revenues from Contracts with Customers ("ASC 606"), requires that we determine for each customer arrangement whether revenue should be recognized at a point in time or over time. For the three months ended March 31, 2021 and 2020, substantially all of our revenues were recognized over time.
Supplemental balance sheet information related to contracts from customers as of March 31, 2021 and December 31, 2020 was as follows:
Balance Sheet LocationMarch 31, 2021December 31, 2020
(in thousands)
Assets:
Capitalized costs to obtain customer contracts, net
Other noncurrent assets$257,546 $253,780 
Capitalized costs to fulfill customer contracts, net
Other noncurrent assets$91,070 $81,371 
Liabilities:
Contract liabilities, net (current)Accounts payable and accrued liabilities$212,520 $217,938 
Contract liabilities, net (noncurrent)Other noncurrent liabilities$49,740 $52,944 

Net contract assets were not material at March 31, 2021 or at December 31, 2020. Revenue recognized for the three months ended March 31, 2021 and 2020 from contract liability balances at the beginning of each period was $85.9 million and $90.8 million, respectively.

ASC 606 requires disclosure of the aggregate amount of the transaction price allocated to unsatisfied performance obligations. The purpose of this disclosure is to provide additional information about the amounts and expected timing of revenue to be recognized from the remaining performance obligations in our existing contracts. The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied at March 31, 2021. However, as permitted, we have elected to exclude from this disclosure any contracts with an original duration of one year or less and any variable consideration that meets specified criteria. Accordingly, the total unsatisfied or partially unsatisfied performance obligations related to processing services is significantly higher than the amounts disclosed in the table below (in thousands):
Year ending December 31,
2021$732,761 
2022786,550 
2023582,240 
2024404,552 
2025302,335 
2026 and thereafter603,637 
Total$3,412,075