A Neural Network-Based Model for Paper Currency Recognition and Verification

This paper describes the neural-based recognition and verification techniques used in a banknote machine, recently implemented for accepting paper currency of different countries. The perception mechanism is based on low-cost optoelectronic devices which produce a signal associated with the light refracted by the banknotes. The classification and verification steps are carried out by a society of multilayer perceptrons whose operation is properly scheduled by an external controlling algorithm, which guarantees real-time implementation on a standard microcontroller-based platform, The verification relies mainly on the property of autoassociators to generate closed separation surfaces in the pattern space. The experimental results are very interesting, particularly when considering that the recognition and verification steps are based on low-cost sensors.