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REVENUES
 12 Months Ended
Dec. 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 years ended December 31, 2023, 2022 and 2021:

Year Ended December 31, 2023
Merchant SolutionsIssuer SolutionsConsumer SolutionsIntersegment EliminationsTotal
(in thousands)
Americas$5,867,308 $1,849,638 $182,740 $(37,094)$7,862,592 
Europe1,023,546 507,342 — — 1,530,888 
Asia Pacific260,939 41,890 — (41,890)260,939 
$7,151,793 $2,398,870 $182,740 $(78,984)$9,654,419 
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 

The following table presents a disaggregation of our Merchant Solutions segment revenues by distribution channel for the years ended December 31, 2023, 2022 and 2021:
202320222021
(in thousands)
Relationship-led$3,738,536 $3,189,046 $3,031,873 
Technology-enabled3,413,257 3,015,871 2,633,684 
$7,151,793 $6,204,917 $5,665,557 

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, 2023, 2022 and 2021, substantially all of our revenues were recognized over time.
Supplemental balance sheet information related to contracts from customers as of December 31, 2023 and 2022 was as follows:

Balance Sheet LocationDecember 31, 2023December 31, 2022
(in thousands)
Assets:
Capitalized costs to obtain customer contracts, net
Other noncurrent assets$360,684 $329,785 
Capitalized costs to fulfill customer contracts, net
Other noncurrent assets197,355 152,520 
Liabilities:
Contract liabilities, net (current)
Accounts payable and accrued liabilities
229,686 226,254 
Contract liabilities, net (noncurrent)Other noncurrent liabilities54,246 45,613 

Net contract assets were not material at December 31, 2023 or December 31, 2022. Revenue recognized for the years ended December 31, 2023 and 2022 from contract liability balances at the beginning of each period was $199.7 million and $209.4 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, 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,
2024$1,099,271 
2025878,093 
2026700,407 
2027536,018 
2028275,222 
2029 and thereafter332,279 
Total$3,821,290