Paper Currency Verification System Based on Characteristic Extraction using Image Processing
Rubeena Mirza1, Vinti Nanda2
1Rubeena Mirza, Computer Science and Engineering, Bhilai Institute of Technology, Durg, India.
2Vinti Nanda, Computer Science and Engineering, Chhatrapati Shivaji Institute of Technology, Durg, India.
Manuscript received on january 17, 2012. | Revised Manuscript received on February 05, 2012. | Manuscript published on February 29, 2012. | PP: 68-71 | Volume-1 Issue-3, February 2012. | Retrieval Number: C0196021312/2011©BEIESP

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Abstract: Over the past few years, as a result of the great technological advances in color printing, duplicating and scanning, counterfeiting problems have become more and more serious. In the past, only the printing house has the ability to make counterfeit paper currency, but today it is possible for any person to print counterfeit bank notes simply by using a computer and a laser printer at house. Therefore the issue of efficiently distinguishing counterfeit banknotes from genuine ones via automatic machines has become more and more important. Counterfeit notes are a problem of almost every country but India has been hit really hard and has become a very acute problem. There is a need to design a system that is helpful in recognition of paper currency notes with fast speed and in less time. This proposed system describes an approach for verification of Indian currency banknotes. The currency will be verified by using image processing techniques. The approach consists of a number of components including image processing, edge detection, image segmentation, characteristic extraction, comparing images. The image processing approach is discussed with MATLAB to detect the features of paper currency. Image processing involves changing the nature of an image in order to improve its pictorial information for human interpretation. The image processing software is a collection of functions that extends the capability of the MATLAB numeric computing environment. The result will be whether currency is genuine or counterfeit. 
Keywords: Characteristic Extraction, Counterfeit Detection, Image Processing, Paper Currency Verification..