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REVENUES
 12 Months Ended
Dec. 31, 2022
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, 2022, 2021 and 2020 and has been recast to align with the change in the presentation of segment information as further described in “Note 17—Segment Information:”

Year Ended December 31, 2022
Merchant SolutionsIssuer SolutionsConsumer SolutionsIntersegment EliminationsTotal
(in thousands)
Americas$5,236,728 $1,739,620 $620,482 $(58,916)$7,537,914 
Europe720,660 469,412 — — 1,190,072 
Asia Pacific247,529 36,591 — (36,591)247,529 
$6,204,917 $2,245,623 $620,482 $(95,507)$8,975,515 
Year Ended December 31, 2021
Merchant SolutionsIssuer SolutionsConsumer SolutionsIntersegment EliminationsTotal
(in thousands)
Americas$4,735,505 $1,644,765 $783,625 $(65,781)$7,098,114 
Europe684,760 495,597 — — 1,180,357 
Asia Pacific245,292 25,385 — (25,386)245,291 
$5,665,557 $2,165,747 $783,625 $(91,167)$8,523,762 
Year Ended December 31, 2020
Merchant SolutionsIssuer SolutionsConsumer SolutionsIntersegment EliminationsTotal
(in thousands)
Americas$3,948,643 $1,601,118 $747,886 $(64,308)$6,233,339 
Europe539,838 450,529 — — 990,367 
Asia Pacific199,854 9,725 — (9,727)199,852 
$4,688,335 $2,061,372 $747,886 $(74,035)$7,423,558 

The following table presents a disaggregation of our Merchant Solutions segment revenues by distribution channel for the years ended December 31, 2022, 2021 and 2020:
202220212020
(in thousands)
Relationship-led$3,189,046 $3,031,873 $2,600,440 
Technology-enabled3,015,871 2,633,684 2,087,895 
$6,204,917 $5,665,557 $4,688,335 
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, 2022, 2021, and 2020, substantially all of our revenues were recognized over time.

Supplemental balance sheet information related to contracts from customers as of December 31, 2022 and 2021 was as follows:

Balance Sheet LocationDecember 31, 2022December 31, 2021
(in thousands)
Assets:
Capitalized costs to obtain customer contracts, net
Other noncurrent assets$329,785 $291,914 
Capitalized costs to fulfill customer contracts, net
Other noncurrent assets152,520 113,366 
Liabilities:
Contract liabilities, net (current)
Accounts payable and accrued liabilities
226,254 227,783 
Contract liabilities, net (noncurrent)Other noncurrent liabilities45,613 44,502 

Net contract assets were not material at December 31, 2022 or December 31, 2021. Revenue recognized for the years ended December 31, 2022 and 2021 from contract liability balances at the beginning of each period was $209.4 million and $207.1 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, 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,
2023$1,052,178 
2024791,163 
2025564,134 
2026443,049 
2027295,266 
2028 and thereafter454,383 
Total$3,600,173