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REVENUES
 3 Months Ended
Mar. 31, 2023
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 months ended March 31, 2023 and 2022 and have been recast to align with the change in the presentation of segment information during 2022 as further described in “Note 15—Segment Information:”
Three Months Ended March 31, 2023
Merchant
Solutions		Issuer
Solutions		Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$1,365,894 $443,345 $143,709 $(17,321)$1,935,627 
Europe176,098 117,104 — — 293,202 
Asia Pacific63,618 10,458 — (10,458)63,618 
$1,605,610 $570,907 $143,709 $(27,779)$2,292,447 

Three Months Ended March 31, 2022
Merchant
Solutions		Issuer
Solutions		Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$1,242,620 $406,728 $169,115 $(14,619)$1,803,844 
Europe174,055 122,011 — — 296,066 
Asia Pacific56,344 8,587 — (8,587)56,344 
$1,473,019 $537,326 $169,115 $(23,206)$2,156,254 

The following table presents a disaggregation of our Merchant Solutions segment revenues by distribution channel for the three months ended March 31, 2023 and 2022:
Three Months Ended
March 31, 2023March 31, 2022
(in thousands)
Relationship-led$795,680 $752,214 
Technology-enabled809,930 720,805 
$1,605,610 $1,473,019 

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 months ended March 31, 2023 and 2022, substantially all of our revenues were recognized over time.
Supplemental balance sheet information related to contracts from customers as of March 31, 2023 and December 31, 2022 was as follows:
Balance Sheet LocationMarch 31, 2023December 31, 2022
(in thousands)
Assets:
Capitalized costs to obtain customer contracts, net
Other noncurrent assets$332,417 $329,785 
Capitalized costs to fulfill customer contracts, net
Other noncurrent assets$166,497 $152,520 
Liabilities:
Contract liabilities, net (current)Accounts payable and accrued liabilities$223,675 $226,254 
Contract liabilities, net (noncurrent)Other noncurrent liabilities$50,180 $45,613 

Net contract assets were not material at March 31, 2023 or at December 31, 2022. Revenue recognized for the three months ended March 31, 2023 and 2022 from contract liability balances at the beginning of each period was $83.7 million and $84.1 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 March 31, 2023. 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$801,521 
2024844,665 
2025695,525 
2026569,521 
2027428,345 
2028196,636 
2029 and thereafter304,716 
Total$3,840,929