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REVENUES
 9 Months Ended
Sep. 30, 2020
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 nine months ended September 30, 2020 and 2019:
Three months ended September 30, 2020
Merchant
Solutions		Issuer
Solutions		Business and
Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$1,039,039 $370,938 $204,106 $(15,097)$1,598,986 
Europe154,262 113,907 — — 268,169 
Asia Pacific50,660 2,564 — (2,564)50,660 
$1,243,961 $487,409 $204,106 $(17,661)$1,917,815 

Three months ended September 30, 2019
Merchant
Solutions		Issuer
Solutions		Business and
Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$786,659 $55,091 $27,896 $(2,310)$867,336 
Europe159,592 20,321 — — 179,913 
Asia Pacific58,692 216 — (216)58,692 
$1,004,943 $75,628 $27,896 $(2,526)$1,105,941 

Nine Months Ended September 30, 2020
Merchant
Solutions		Issuer
Solutions		Business and
Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$2,926,472 $1,127,832 $624,774 $(47,558)$4,631,520 
Europe392,721 327,532 — — 720,253 
Asia Pacific141,592 5,832 — (5,832)141,592 
$3,460,785 $1,461,196 $624,774 $(53,390)$5,493,365 

Nine Months Ended September 30, 2019
Merchant
Solutions		Issuer
Solutions		Business and
Consumer
Solutions		Intersegment
Eliminations		Total
(in thousands)
Americas$2,181,000 $55,092 $27,896 $(2,311)$2,261,677 
Europe452,317 30,814 — — 483,131 
Asia Pacific179,323 216 — (216)179,323 
$2,812,640 $86,122 $27,896 $(2,527)$2,924,131 
The following table presents a disaggregation of our Merchant Solutions segment revenues by distribution channel for the three and nine months ended September 30, 2020 and 2019:
Three Months EndedNine Months Ended
September 30, 2020September 30, 2019September 30, 2020September 30, 2019
(in thousands)
Relationship-led$709,749 $538,112 $1,934,265 $1,499,393 
Technology-enabled534,212 466,831 1,526,520 1,313,247 
$1,243,961 $1,004,943 $3,460,785 $2,812,640 

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 nine months ended September 30, 2020 and 2019, substantially all of our revenues were recognized over time.

Supplemental balance sheet information related to contracts from customers as of September 30, 2020 and December 31, 2019 was as follows:
Balance Sheet LocationSeptember 30, 2020December 31, 2019
(in thousands)
Assets:
Capitalized costs to obtain customer contracts, net
Other noncurrent assets$243,489 $226,945 
Capitalized costs to fulfill customer contracts, net
Other noncurrent assets$72,114 $38,150 
Liabilities:
Contract liabilities, net (current)Accounts payable and accrued liabilities$206,299 $193,405 
Contract liabilities, net (noncurrent)Other noncurrent liabilities$43,714 $35,272 

Net contract assets were not material at September 30, 2020 or at December 31, 2019. Revenue recognized for the three months ended September 30, 2020 and 2019 from contract liability balances at the beginning of each period was $69.7 million and $52.0 million. Revenue recognized for the nine months ended September 30, 2020 and 2019 from contract liability balances at the beginning of each period was $195.3 million and $122.7 million.

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 September 30, 2020. 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 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,
2020$251,524 
2021879,620 
2022688,039 
2023479,540 
2024308,718 
2025225,624 
2026 and thereafter456,896 
Total$3,289,960