diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6f7da2a4e..3926d7902 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## 12.8.0-beta.1 - 2023-10-11
+* [#1588](https://github.com/stripe/stripe-php/pull/1588) Update generated code for beta
+  * Add support for new resources `AccountNotice` and `Issuing.CreditUnderwritingRecord`
+  * Add support for `all`, `retrieve`, and `update` methods on resource `AccountNotice`
+  * Add support for `all`, `correct`, `create_from_application`, `create_from_proactive_review`, `report_decision`, and `retrieve` methods on resource `CreditUnderwritingRecord`
+  * Add support for new values `account_notice.created` and `account_notice.updated` on enum `Event.type`
+
 ## 12.7.0 - 2023-10-11
 * [#1589](https://github.com/stripe/stripe-php/pull/1589) Update generated code
   * Add support for `client_secret`, `redirect_on_completion`, `return_url`, and `ui_mode` on `Checkout.Session`
diff --git a/VERSION b/VERSION
index 209fce3ff..0535ce8ca 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-12.7.0-beta.1
+12.8.0-beta.1
diff --git a/lib/Stripe.php b/lib/Stripe.php
index 474332f78..2717b9216 100644
--- a/lib/Stripe.php
+++ b/lib/Stripe.php
@@ -58,7 +58,7 @@ class Stripe
     /** @var float Initial delay between retries, in seconds */
     private static $initialNetworkRetryDelay = 0.5;
 
-    const VERSION = '12.7.0-beta.1';
+    const VERSION = '12.8.0-beta.1';
 
     /**
      * @return string the API key used for requests