diff --git a/Model/PayoneConfig.php b/Model/PayoneConfig.php
index 38bd6051..5687d4de 100644
--- a/Model/PayoneConfig.php
+++ b/Model/PayoneConfig.php
@@ -32,7 +32,7 @@
 abstract class PayoneConfig
 {
     /* Module version */
-    const MODULE_VERSION = '3.11.0';
+    const MODULE_VERSION = '3.12.0';
 
     /* Authorization request types */
     const REQUEST_TYPE_PREAUTHORIZATION = 'preauthorization';
diff --git a/composer.json b/composer.json
index 0aa0c2ef..b9f298a2 100644
--- a/composer.json
+++ b/composer.json
@@ -2,7 +2,7 @@
     "name": "payone-gmbh/magento-2",
     "description": "PAYONE payment gateway for all German online and offline payment methods including PayPal, all major Credit Cards and Maestro.",
     "type": "magento2-module",
-    "version": "3.11.0",
+    "version": "3.12.0",
     "license": [
       "OSL-3.0",
       "AFL-3.0"
diff --git a/etc/module.xml b/etc/module.xml
index efec9ec0..61cf5951 100644
--- a/etc/module.xml
+++ b/etc/module.xml
@@ -25,7 +25,7 @@
  */
 -->
 <config xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:noNamespaceSchemaLocation="../../../../../lib/internal/Magento/Framework/Module/etc/module.xsd">
-    <module name="Payone_Core" setup_version="3.11.0">
+    <module name="Payone_Core" setup_version="3.12.0">
         <sequence>
             <module name="Magento_Quote" />
             <module name="Magento_Sales" />