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REVENUES
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2021 and 2020:
Three Months Ended June 30, 2021
Merchant
Solutions		Issuer
Solutions		Business and
Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$1,202,970 $379,121 $224,529 $(16,768)$1,789,852 
Europe166,644 120,974 2,826 — 290,444 
Asia Pacific57,141 5,837 — (5,837)57,141 
$1,426,755 $505,932 $227,355 $(22,605)$2,137,437 

Three Months Ended June 30, 2020
Merchant
Solutions		Issuer
Solutions		Business and
Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$862,927 $363,140 $216,722 $(14,728)$1,428,061 
Europe102,460 105,263 — — 207,723 
Asia Pacific36,168 1,622 — (1,622)36,168 
$1,001,555 $470,025 $216,722 $(16,350)$1,671,952 

Six Months Ended June 30, 2021
Merchant
Solutions		Issuer
Solutions		Business and
Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$2,283,440 $757,164 $465,163 $(33,673)$3,472,094 
Europe299,578 238,386 5,778 — 543,742 
Asia Pacific111,609 10,633 — (10,634)111,608 
$2,694,627 $1,006,183 $470,941 $(44,307)$4,127,444 

Six Months Ended June 30, 2020
Merchant
Solutions		Issuer
Solutions		Business and
Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$1,887,433 $756,893 $420,668 $(32,461)$3,032,533 
Europe238,459 213,626 — — 452,085 
Asia Pacific90,932 3,268 — (3,268)90,932 
$2,216,824 $973,787 $420,668 $(35,729)$3,575,550 
The following table presents a disaggregation of our Merchant Solutions segment revenues by distribution channel for the three and six months ended June 30, 2021 and 2020:
Three Months EndedSix Months Ended
June 30, 2021June 30, 2020June 30, 2021June 30, 2020
(in thousands)
Relationship-led$778,978 $566,414 $1,445,890 $1,242,935 
Technology-enabled647,777 435,141 1,248,737 973,889 
$1,426,755 $1,001,555 $2,694,627 $2,216,824 

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 and six months ended June 30, 2021 and 2020, substantially all of our revenues were recognized over time.

Supplemental balance sheet information related to contracts from customers as of June 30, 2021 and December 31, 2020 was as follows:
Balance Sheet LocationJune 30, 2021December 31, 2020
(in thousands)
Assets:
Capitalized costs to obtain customer contracts, net
Other noncurrent assets$270,143 $253,780 
Capitalized costs to fulfill customer contracts, net
Other noncurrent assets99,640 81,371 
Liabilities:
Contract liabilities, net (current)Accounts payable and accrued liabilities216,331 217,938 
Contract liabilities, net (noncurrent)Other noncurrent liabilities49,610 52,944 

Net contract assets were not material at June 30, 2021 or at December 31, 2020. Revenue recognized for the three months ended June 30, 2021 and 2020 from contract liability balances at the beginning of each period was $85.0 million and $86.7 million, respectively. Revenue recognized for the six months ended June 30, 2021 and 2020 from contract liability balances at the beginning of each period was $146.6 million and $159.9 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 June 30, 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 amount of 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$502,058 
2022845,561 
2023627,756 
2024450,703 
2025354,058 
2026280,326 
2027 and thereafter446,815 
Total$3,507,277