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REVENUES
 9 Months Ended
Sep. 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 nine months ended September 30, 2021 and 2020:
Three Months Ended September 30, 2021
Merchant
Solutions		Issuer
Solutions		Business and
Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$1,245,805 $394,893 $204,584 $(16,507)$1,828,775 
Europe189,282 120,383 3,086 — 312,751 
Asia Pacific60,811 6,890 — (6,890)60,811 
$1,495,898 $522,166 $207,670 $(23,397)$2,202,337 

Three Months Ended September 30, 2020
Merchant
Solutions		Issuer
Solutions		Business and
Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$1,039,039 $370,938 $204,106 $(15,097)$1,598,986 
Europe154,262 113,907 — — 268,169 
Asia Pacific50,660 2,564 — (2,564)50,660 
$1,243,961 $487,409 $204,106 $(17,661)$1,917,815 

Nine Months Ended September 30, 2021
Merchant
Solutions		Issuer
Solutions		Business and
Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$3,529,245 $1,152,057 $669,747 $(50,180)$5,300,869 
Europe488,860 358,769 8,864 — 856,493 
Asia Pacific172,419 17,523 — (17,523)172,419 
$4,190,524 $1,528,349 $678,611 $(67,703)$6,329,781 

Nine Months Ended September 30, 2020
Merchant
Solutions		Issuer
Solutions		Business and
Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$2,926,472 $1,127,832 $624,774 $(47,558)$4,631,520 
Europe392,721 327,532 — — 720,253 
Asia Pacific141,592 5,832 — (5,832)141,592 
$3,460,785 $1,461,196 $624,774 $(53,390)$5,493,365 
The following table presents a disaggregation of our Merchant Solutions segment revenues by distribution channel for the three and nine months ended September 30, 2021 and 2020:
Three Months EndedNine Months Ended
September 30, 2021September 30, 2020September 30, 2021September 30, 2020
(in thousands)
Relationship-led$799,948 $709,749 $2,245,839 $1,934,265 
Technology-enabled695,950 534,212 1,944,685 1,526,520 
$1,495,898 $1,243,961 $4,190,524 $3,460,785 

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

Supplemental balance sheet information related to contracts from customers as of September 30, 2021 and December 31, 2020 was as follows:
Balance Sheet LocationSeptember 30, 2021December 31, 2020
(in thousands)
Assets:
Capitalized costs to obtain customer contracts, net
Other noncurrent assets$278,565 $253,780 
Capitalized costs to fulfill customer contracts, net
Other noncurrent assets106,236 81,371 
Liabilities:
Contract liabilities, net (current)Accounts payable and accrued liabilities218,585 217,938 
Contract liabilities, net (noncurrent)Other noncurrent liabilities46,290 52,944 

Net contract assets were not material at September 30, 2021 or at December 31, 2020. Revenue recognized for the three months ended September 30, 2021 and 2020 from contract liability balances at the beginning of each period was $75.5 million and $69.7 million, respectively. Revenue recognized for the nine months ended September 30, 2021 and 2020 from contract liability balances at the beginning of each period was $186.0 million and $195.3 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 September 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$256,447 
2022908,834 
2023694,952 
2024522,068 
2025410,883 
2026321,754 
2027 and thereafter518,598 
Total$3,633,538