Recognition of Indian Paper Currency based on LBP

Abstract

The importance of automatic methods has increased greatly for paper currency recognition due to the development of modern banking services like automated teller machine (ATM) and automatic goods seller machines. For a machine, it is a challenge to recognize paper currency whether it is of 10, 20, 50, 100, 500 or 1000. Various method or algorithm has been applied to overcome this challenge and in most of systems neural network is used. For this, LBP algorithm is proposed in this paper. The proposed method has advantages of simplicity and high speed. The experimental results show that this method has a high recognition rate. The recognition ratio can achieve 100% in case of good quality images.