Title of Oral/Poster Presentation

Detecting Counterfeit Euros with Multivariate Classification Methods

Class

Article

College

College of Science

Faculty Mentor

Juergen Symanzik

Presentation Type

Poster Presentation

Abstract

With about 13 billion Euro banknotes in circulation among roughly 340 million people in 19 European countries, counterfeit Euros are unfortunately a growing problem. About 19.9 million Euro banknotes were removed from circulation in 2009. Furthermore, detection of fake banknotes can be surprisingly difficult and costly, regardless of the measures taken to prevent accurate counterfeiting. The data used in this project was collected by Dr. Volker Lohweg and his colleagues at Ostwestfalen-Lippe University of Applied Sciences in Lemgo, Germany in an attempt to use smartphone cameras to detect fake Euro banknotes. Multiple modern classification methods are fit to the data producing high correct-classification rates—confirming the potential of smartphone camera use in the detection of imposter banknotes.

Location

The North Atrium

Start Date

4-12-2018 3:00 PM

End Date

4-12-2018 4:15 PM

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Apr 12th, 3:00 PM Apr 12th, 4:15 PM

Detecting Counterfeit Euros with Multivariate Classification Methods

The North Atrium

With about 13 billion Euro banknotes in circulation among roughly 340 million people in 19 European countries, counterfeit Euros are unfortunately a growing problem. About 19.9 million Euro banknotes were removed from circulation in 2009. Furthermore, detection of fake banknotes can be surprisingly difficult and costly, regardless of the measures taken to prevent accurate counterfeiting. The data used in this project was collected by Dr. Volker Lohweg and his colleagues at Ostwestfalen-Lippe University of Applied Sciences in Lemgo, Germany in an attempt to use smartphone cameras to detect fake Euro banknotes. Multiple modern classification methods are fit to the data producing high correct-classification rates—confirming the potential of smartphone camera use in the detection of imposter banknotes.