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REVENUES (Tables) | 9 Months Ended
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Sep. 30, 2022
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | 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, 2022 and 2021 and has been recast to align with the change in the presentation of segment information as further described in “Note 14-Segment Information:”
| Three Months Ended September 30, 2022
| Merchant Solutions |  | Issuer Solutions |  | Consumer Solutions |  | Intersegment Eliminations |  | Total
| (in thousands)
Americas | $ | 1,349,793 |  |  | $ | 442,200 |  |  | $ | 147,337 |  |  | $ | (14,788) |  |  | $ | 1,924,542 |
Europe | 183,698 |  |  | 114,296 |  |  | — |  |  | — |  |  | 297,994 |
Asia Pacific | 62,835 |  |  | 9,543 |  |  | — |  |  | (9,543) |  |  | 62,835 |
| $ | 1,596,326 |  |  | $ | 566,039 |  |  | $ | 147,337 |  |  | $ | (24,331) |  |  | $ | 2,285,371 |
| Three Months Ended September 30, 2021
| Merchant Solutions |  | Issuer Solutions |  | Consumer Solutions |  | Intersegment Eliminations |  | Total
| (in thousands)
Americas | $ | 1,245,805 |  |  | $ | 415,127 |  |  | $ | 183,591 |  |  | $ | (15,748) |  |  | $ | 1,828,775 |
Europe | 189,282 |  |  | 123,469 |  |  | — |  |  | — |  |  | 312,751 |
Asia Pacific | 60,811 |  |  | 6,890 |  |  | — |  |  | (6,890) |  |  | 60,811 |
| $ | 1,495,898 |  |  | $ | 545,486 |  |  | $ | 183,591 |  |  | $ | (22,638) |  |  | $ | 2,202,337 |
| Nine Months Ended September 30, 2022
| Merchant Solutions |  | Issuer Solutions |  | Consumer Solutions |  | Intersegment Eliminations |  | Total
| (in thousands)
Americas | $ | 3,926,645 |  |  | $ | 1,281,894 |  |  | $ | 478,082 |  |  | $ | (43,052) |  |  | $ | 5,643,569 |
Europe | 545,203 |  |  | 354,546 |  |  | — |  |  | — |  |  | 899,749 |
Asia Pacific | 179,213 |  |  | 26,568 |  |  | — |  |  | (26,568) |  |  | 179,213 |
| $ | 4,651,061 |  |  | $ | 1,663,008 |  |  | $ | 478,082 |  |  | $ | (69,620) |  |  | $ | 6,722,531 |
| Nine Months Ended September 30, 2021
| Merchant Solutions |  | Issuer Solutions |  | Consumer Solutions |  | Intersegment Eliminations |  | Total
| (in thousands)
Americas | $ | 3,529,245 |  |  | $ | 1,210,948 |  |  | $ | 608,645 |  |  | $ | (47,969) |  |  | $ | 5,300,869 |
Europe | 488,860 |  |  | 367,633 |  |  | — |  |  | — |  |  | 856,493 |
Asia Pacific | 172,419 |  |  | 17,523 |  |  | — |  |  | (17,523) |  |  | 172,419 |
| $ | 4,190,524 |  |  | $ | 1,596,104 |  |  | $ | 608,645 |  |  | $ | (65,492) |  |  | $ | 6,329,781 |
The following table presents a disaggregation of our Merchant Solutions segment revenues by distribution channel for the three and nine months ended September 30, 2022 and 2021:
| Three Months Ended |  | Nine Months Ended
| September 30, 2022 |  | September 30, 2021 |  | September 30, 2022 |  | September 30, 2021
| (in thousands)
Relationship-led | $ | 821,005 |  |  | $ | 799,948 |  |  | $ | 2,397,787 |  |  | $ | 2,245,839 |
Technology-enabled | 775,321 |  |  | 695,950 |  |  | 2,253,274 |  |  | 1,944,685 |
| $ | 1,596,326 |  |  | $ | 1,495,898 |  |  | $ | 4,651,061 |  |  | $ | 4,190,524 |
Schedule of Contracts with Customers | Supplemental balance sheet information related to contracts from customers as of September 30, 2022 and December 31, 2021 was as follows:
| Balance Sheet Location |  | September 30, 2022 |  | December 31, 2021
|  |  | (in thousands)
Assets: |  |  |  |  |
Capitalized costs to obtain customer contracts, net | Other noncurrent assets |  | $ | 320,395 |  |  | $ | 291,914 |
Capitalized costs to fulfill customer contracts, net | Other noncurrent assets |  | $ | 139,796 |  |  | $ | 113,366 |
Liabilities: |  |  |  |  |
Contract liabilities, net (current) | Accounts payable and accrued liabilities |  | $ | 216,448 |  |  | $ | 227,783 |
Contract liabilities, net (noncurrent) | Other noncurrent liabilities |  | $ | 45,033 |  |  | $ | 44,502 |
Schedule of Remaining Performance Obligation | 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, 2022. 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 | $ | 256,413 |
2023 | 981,937 |
2024 | 742,799 |
2025 | 522,962 |
2026 | 413,311 |
2027 | 266,558 |
2028 and thereafter | 385,979 |
Total | $ | 3,569,959 |

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