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REVENUES
 12 Months Ended
Dec. 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 years ended December 31, 2021, 2020 and 2019:
Year Ended December 31, 2021
Merchant SolutionsIssuer SolutionsBusiness and Consumer SolutionsIntersegment RevenuesTotal
(in thousands)
Americas$4,735,505 $1,559,177 $872,254 $(69,011)$7,097,925 
Europe684,760 481,596 14,000 — 1,180,356 
Asia Pacific245,292 25,198 189 (25,198)245,481 
$5,665,557 $2,065,971 $886,443 $(94,209)$8,523,762 

Year Ended December 31, 2020
Merchant SolutionsIssuer SolutionsBusiness and Consumer SolutionsIntersegment RevenuesTotal
(in thousands)
Americas$3,948,642 $1,525,122 $825,564 $(65,991)$6,233,337 
Europe539,839 446,587 3,941 — 990,367 
Asia Pacific199,854 9,726 — (9,726)199,854 
$4,688,335 $1,981,435 $829,505 $(75,717)$7,423,558 

Year Ended December 31, 2019
Merchant SolutionsIssuer SolutionsBusiness and Consumer SolutionsIntersegment RevenuesTotal
(in thousands)
Americas$3,240,233 $458,289 $227,440 $(18,782)$3,907,180 
Europe614,747 146,365 — — 761,112 
Asia Pacific243,600 — — — 243,600 
$4,098,580 $604,654 $227,440 $(18,782)$4,911,892 

The following table presents a disaggregation of our Merchant Solutions segment revenues by distribution channel for the years ended December 31, 2021, 2020 and 2019:
202120202019
(in thousands)
Relationship-led$3,031,873 $2,600,440 $2,218,559 
Technology-enabled2,633,684 2,087,895 1,880,021 
$5,665,557 $4,688,335 $4,098,580 

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 years ended December 31, 2021, 2020, and 2019, substantially all of our revenues were recognized over time.
Supplemental balance sheet information related to contracts from customers as of December 31, 2021 and 2020 was as follows:
Balance Sheet LocationDecember 31, 2021December 31, 2020
(in thousands)
Assets:
Capitalized costs to obtain customer contracts, net
Other noncurrent assets$291,914 $253,780 
Capitalized costs to fulfill customer contracts, net
Other noncurrent assets113,366 81,371 
Liabilities:
Contract liabilities, net (current)
Accounts payable and accrued liabilities
227,783 217,938 
Contract liabilities, net (noncurrent)Other noncurrent liabilities44,502 52,944 

Net contract assets were not material at December 31, 2021 or December 31, 2020. Revenue recognized for the years ended December 31, 2021 and 2020 from contract liability balances at the beginning of each period was $207.1 million and $182.3 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 December 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 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,
2022$977,500 
2023803,671 
2024547,963 
2025429,303 
2026333,970 
2027 and thereafter519,539 
Total$3,611,946