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REVENUES
 6 Months Ended
Jun. 30, 2024
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, 2024 and 2023:
Three Months Ended June 30, 2024
Merchant
Solutions		Issuer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$1,611,276 $466,767 $(5,460)$2,072,583 
Europe297,944 136,436 — 434,380 
Asia Pacific61,805 10,305 (10,305)61,805 
$1,971,025 $613,508 $(15,765)$2,568,768 

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 

Six Months Ended June 30, 2024
Merchant
Solutions		Issuer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$3,134,007 $925,372 $(11,674)$4,047,705 
Europe548,995 270,139 — 819,134 
Asia Pacific122,117 20,732 (20,733)122,116 
$3,805,119 $1,216,243 $(32,407)$4,988,955 

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 
The following table presents a disaggregation of our Merchant Solutions segment revenues by distribution channel for the three and six months ended June 30, 2024 and 2023:
Three Months EndedSix Months Ended
June 30, 2024June 30, 2023June 30, 2024June 30, 2023
(in thousands)
Relationship-led$1,016,590 $979,574 $1,919,935 $1,760,446 
Technology-enabled954,435 862,719 1,885,184 1,687,457 
$1,971,025 $1,842,293 $3,805,119 $3,447,903 

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, 2024 and 2023, substantially all of our revenues were recognized over time.

Supplemental balance sheet information related to contracts from customers as of June 30, 2024 and December 31, 2023 was as follows:
Balance Sheet LocationJune 30, 2024December 31, 2023
(in thousands)
Assets:
Capitalized costs to obtain customer contracts, net
Other noncurrent assets$368,391 $360,684 
Capitalized costs to fulfill customer contracts, net
Other noncurrent assets$211,489 $197,355 
Liabilities:
Contract liabilities, net (current)Accounts payable and accrued liabilities$229,025 $229,686 
Contract liabilities, net (noncurrent)Other noncurrent liabilities$57,347 $54,246 

Net contract assets were not material at June 30, 2024 or December 31, 2023. Revenue recognized for the three months ended June 30, 2024 and 2023 from contract liability balances at the beginning of each period was $84.2 million and $85.2 million, respectively. Revenue recognized for the six months ended June 30, 2024 and 2023 from contract liability balances at the beginning of each period was $150.6 million and $142.9 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, 2024. 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$556,284 
20251,050,696 
2026841,191 
2027639,533 
2028361,574 
2029159,201 
2030 and thereafter322,933 
Total$3,931,412