Abstract

The fitness classification of a banknote is important as it assesses the quality of banknotes in automated banknote sorting facilities, such as counting or automated teller machines. The popular approaches are primarily based on image processing, with banknote images acquired by various sensors. However, most of these methods assume that the currency type, denomination, and exposed direction of the banknote are known. In other words, not only is a pre-classification of the type of input banknote required, but in some cases, the type of currency is required to be manually selected. To address this problem, we propose a multinational banknote fitness-classification method that simultaneously determines the fitness level of a banknote from multiple countries. This is achieved without the pre-classification of input direction and denomination of the banknote, using visible-light reflection and infrared-light transmission images of banknotes, and a convolutional neural network. The experimental results on the combined banknote image database consisting of the Indian rupee and Korean won with three fitness levels, and the United States dollar with two fitness levels, show that the proposed method achieves better accuracy than other fitness classification methods.

Highlights

  • Automated machines for financial transactions are becoming popular and have been significantly modernized

  • To address the problems in the previously proposed methods, we considered a multinational banknote fitness classification method using convolutional neural network (CNN) on visible-light reflection (VR) and infrared transmission (IRT) banknote images

  • Six denominations exist in the Indian rupee (INR) dataset: 10, 20, 50, 100, 500 and 1000 rupees, and two denominations exist in the KRW dataset: 1000 and 5000 wons, each of which consists of three fitness levels of fit, normal, and unfit for recirculation, called the Case 1 fitness level

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Summary

Introduction

Automated machines for financial transactions are becoming popular and have been significantly modernized Such facilities can handle various functionalities, including the recognition of banknote type, counting, sorting and detection of counterfeits, and serial recognition and fitness classification [1]. Banknote fitness classification evaluates the physical condition of the banknotes that may be degraded during the recirculation process, and determines whether they are still usable or should be replaced by new ones. This helps to enhance the performance of the counting and sorting functionalities, as well as preventing malfunctions and inconveniences caused by damaged banknotes entering the counting system. These studies were proposed for either a certain type of currency or Symmetry 2018, 10, 431; doi:10.3390/sym10100431 www.mdpi.com/journal/symmetry

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