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REVENUES
 3 Months Ended
Mar. 31, 2025
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, 2025 and 2024:
Three Months Ended March 31, 2025
Merchant
Solutions		Issuer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$1,483,092 $472,429 $(6,734)$1,948,787 
Europe261,135 137,716 — 398,851 
Asia Pacific64,460 10,585 (10,585)64,460 
$1,808,687 $620,730 $(17,319)$2,412,098 

Three Months Ended March 31, 2024
Merchant
Solutions		Issuer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$1,522,732 $458,605 $(6,214)$1,975,123 
Europe251,051 133,702 — 384,753 
Asia Pacific60,311 10,428 (10,428)60,311 
$1,834,094 $602,735 $(16,642)$2,420,187 

In our Merchant Solutions segment, we actively market and provide our payment services, software and other commerce enablement solutions directly to our customers and through a variety of partner distribution channels across three business pillars: Point-of-Sale and Software Solutions, Integrated and Embedded Solutions and Core Payments Solutions. Our Point-of-Sale and Software Solutions business provides advanced payments technology that is integrated into point-of-sale systems and business management software solutions that we own. Our Integrated and Embedded Solutions business provides e-commerce solutions, advanced payments technology and commerce enablement solutions that is embedded into business management software solutions owned by our technology partners who operate in numerous vertical markets and countries. Our Core Payments Solutions business provides payments technology services and other commerce enablement solutions directly to customers across numerous verticals in the markets we serve through our direct sales force worldwide, as well as referral partnerships and other wholesale relationships.

The following table presents a disaggregation of our Merchant Solutions segment revenues by business pillar for the three months ended March 31, 2025 and 2024:
Three Months Ended
March 31, 2025March 31, 2024
(in thousands)
Point-of-Sale and Software Solutions$348,141 $379,184 
Integrated and Embedded Solutions803,542 757,623 
Core Payments Solutions657,004 697,287 
$1,808,687 $1,834,094 

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, 2025 and 2024, substantially all of our revenues were recognized over time.
Supplemental balance sheet information related to contracts from customers as of March 31, 2025 and December 31, 2024 was as follows:
Balance Sheet LocationMarch 31, 2025December 31, 2024
(in thousands)
Assets:
Capitalized costs to obtain customer contracts, net
Other noncurrent assets$342,145 $338,960 
Capitalized costs to fulfill customer contracts, net
Other noncurrent assets174,316 174,024 
Liabilities:
Contract liabilities, net (current)Accounts payable and accrued liabilities219,005 242,769 
Contract liabilities, net (noncurrent)Other noncurrent liabilities50,406 50,555 

Net contract assets were not material at March 31, 2025 or December 31, 2024. Revenue recognized for the three months ended March 31, 2025 and 2024 from contract liability balances at the beginning of each period was $76.7 million and $92.3 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, 2025. 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,
2025$867,945 
2026972,161 
2027745,587 
2028417,952 
2029196,954 
2030120,240 
2031 and thereafter246,735 
Total$3,567,574