Money... What does money mean to you? It means the ability to purchase
things. It means compensation for work that is performed. Money is a
powerful and useful item, and one that denotes a civilized society.
Unfortunately, that doesn't do much in today's day and age. We live in a
world of digital communication and digital financial transactions. In many
places, money is nothing more than the transfer of bits from one computer
to the next. Even our own Federal Reserve system deals with checks
electronically. Therefore, it is essential that one be able to convert
paper money to and from its electronic counterpart. Converting from the
old bit bucket to paper is pretty easy, people do that all the time at
ATMs. It's going backwards that causes problems.
For this reason, we chose to examine methods of analyzing and converting
paper money to the digital variety, using image recognition techniques.