diff --git a/Application/Helper/Payment.php b/Application/Helper/Payment.php
index 67c066f..d0f14b3 100644
--- a/Application/Helper/Payment.php
+++ b/Application/Helper/Payment.php
@@ -52,7 +52,7 @@ class Payment
         'mollieapplepay'        => array('title' => 'Apple Pay',        'model' => \Mollie\Payment\Application\Model\Payment\ApplePay::class),
         'mollieprzelewy24'      => array('title' => 'Przelewy24',       'model' => \Mollie\Payment\Application\Model\Payment\Przelewy24::class),
         'molliemybank'          => array('title' => 'MyBank',           'model' => \Mollie\Payment\Application\Model\Payment\MyBank::class),
-        'molliein3'             => array('title' => 'in3',              'model' => \Mollie\Payment\Application\Model\Payment\In3::class),
+        'molliein3'             => array('title' => 'iDEAL in3',              'model' => \Mollie\Payment\Application\Model\Payment\In3::class),
         'molliebillie'          => array('title' => 'Billie',           'model' => \Mollie\Payment\Application\Model\Payment\Billie::class),
     );
 
diff --git a/Core/Events.php b/Core/Events.php
index 0c3fc87..97a955e 100644
--- a/Core/Events.php
+++ b/Core/Events.php
@@ -47,6 +47,15 @@ class Events
         'mollieinghomepay',
     );
 
+    /**
+     * List of all payment methods to rename
+     *
+     * @var array
+     */
+    public static $aRenamePaymentMethods = array(
+        'molliein3' => 'iDeal in3',
+    );
+
     /**
      * Execute action on activate event.
      *
@@ -57,6 +66,7 @@ public static function onActivate()
         self::addDatabaseStructure();
         self::addData();
         self::deleteRemovedPaymentMethods();
+        self::renamePaymentMethods();
         self::regenerateViews();
         self::clearTmp();
     }
@@ -306,4 +316,28 @@ protected static function deactivePaymentMethods()
         $aInValues = array_keys(self::getMolliePaymentMethods());
         DatabaseProvider::getDb()->Execute("UPDATE oxpayments SET oxactive = 0 WHERE oxid IN ".Database::getInstance()->getPreparedInStatement($aInValues), $aInValues);
     }
+
+    /**
+     * Rename payment methods
+     *
+     * @return void
+     */
+    protected static function renamePaymentMethods()
+    {
+        foreach (self::$aRenamePaymentMethods as $sPaymentId => $sNewPaymentName) {
+            self::renamePaymentMethod($sPaymentId, $sNewPaymentName);
+        }
+    }
+
+    /**
+     * Rename payment method in database
+     *
+     * @param  string $sPaymentId
+     * @param string $sNewPaymentName
+     * @return void
+     */
+    protected static function renamePaymentMethod($sPaymentId, $sNewPaymentName)
+    {
+        DatabaseProvider::getDb()->Execute("Update oxpayments set oxdesc= ? WHERE oxid = ?", array($sNewPaymentName, $sPaymentId));
+    }
 }
diff --git a/metadata.php b/metadata.php
index db27f3d..53d3036 100644
--- a/metadata.php
+++ b/metadata.php
@@ -88,7 +88,7 @@
 ",
     ],
     'thumbnail'    => 'img/mollie_logo.png',
-    'version'       => '1.0.0',
+    'version'       => '1.1.0_RC1',
     'author'        => 'Fatchip GmbH',
     'email'         => 'info@mollie.com',
     'url'          => 'https://www.mollie.com/',