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REVENUES
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 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 June 30, 2023
Merchant
Solutions		Issuer
Solutions		Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$1,499,130 $455,019 $39,031 $(9,155)$1,984,025 
Europe278,925 125,281 — — 404,206 
Asia Pacific64,238 10,141 — (10,141)64,238 
$1,842,293 $590,441 $39,031 $(19,296)$2,452,469 

Three Months Ended June 30, 2022
Merchant
Solutions		Issuer
Solutions		Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$1,334,231 $432,963 $161,629 $(13,641)$1,915,182 
Europe187,450 118,239 — — 305,689 
Asia Pacific60,035 8,437 — (8,437)60,035 
$1,581,716 $559,639 $161,629 $(22,078)$2,280,906 

Six Months Ended June 30, 2023
Merchant
Solutions		Issuer
Solutions		Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$2,865,024 $898,364 $182,740 $(26,477)$3,919,651 
Europe455,023 242,386 — — 697,409 
Asia Pacific127,856 20,599 — (20,599)127,856 
$3,447,903 $1,161,349 $182,740 $(47,076)$4,744,916 

Six Months Ended June 30, 2022
Merchant
Solutions		Issuer
Solutions		Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$2,576,851 $839,691 $330,744 $(28,260)$3,719,026 
Europe361,505 240,250 — — 601,755 
Asia Pacific116,379 17,024 — (17,024)116,379 
$3,054,735 $1,096,965 $330,744 $(45,284)$4,437,160 
The following table presents a disaggregation of our Merchant Solutions segment revenues by distribution channel for the three and six months ended June 30, 2023 and 2022:
Three Months EndedSix Months Ended
June 30, 2023June 30, 2022June 30, 2023June 30, 2022
(in thousands)
Relationship-led$979,574 $827,577 $1,760,446 $1,564,982 
Technology-enabled862,719 754,139 1,687,457 1,489,753 
$1,842,293 $1,581,716 $3,447,903 $3,054,735 

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 six months ended June 30, 2023 and 2022, substantially all of our revenues were recognized over time.

Supplemental balance sheet information related to contracts from customers as of June 30, 2023 and December 31, 2022 was as follows:
Balance Sheet LocationJune 30, 2023December 31, 2022
(in thousands)
Assets:
Capitalized costs to obtain customer contracts, net
Other noncurrent assets$337,535 $329,785 
Capitalized costs to fulfill customer contracts, net
Other noncurrent assets$178,403 $152,520 
Liabilities:
Contract liabilities, net (current)Accounts payable and accrued liabilities$229,402 $226,254 
Contract liabilities, net (noncurrent)Other noncurrent liabilities$54,295 $45,613 

Net contract assets were not material at June 30, 2023 or at December 31, 2022. Revenue recognized for the three months ended June 30, 2023 and 2022 from contract liability balances at the beginning of each period was $85.2 million and $83.2 million, respectively. Revenue recognized for the six months ended June 30, 2023 and 2022 from contract liability balances at the beginning of each period was $142.9 million and $149.8 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 June 30, 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$549,127 
2024933,570 
2025754,656 
2026617,850 
2027476,385 
2028221,338 
2029 and thereafter324,302 
Total$3,877,228