Quoting from the section 5 Image fusion
in GADE, Rikke; MOESLUND, Thomas B. Thermal cameras and applications: a survey. Machine Vision and Applications, 2014, 25.1: 245-262. (freely downloadable in June 2014):
The standard chessboard method for geometric calibration, correction
of lens distortion, and alignment of the cameras relies on colour
difference, and cannot be used for thermal cameras without some
changes. Cheng et al. [30] and Prakash et al. [146] reported that when
heating the board with a flood lamp, the difference in emissivity of
the colours will result in an intensity difference in the thermal
image. However, a more crisp chessboard pattern can be obtained by
constructing a chessboard of two different materials, with large
difference in thermal emissivity and/or temperature [180]. This
approach is also applied in [68] using a copper plate with milled
checker patterns in front of a different base material, and in [195]
with a metal wire in front of a plastic board. When these special
chessboards are heated by a heat gun, hairdryer or similar, a clear
chessboard pattern will be visible in the thermal image, due to the
different emissivity of the materials. At the same time, it is also
visible in the visual image, due to colour difference. Figure 12 shows
thermal and RGB pictures from a calibration test. The chessboard
consists of two cardboard sheets, where the white base sheet has been
heated right before assembling the board.
[30] CHENG, Shinko Y.; PARK, Sangho; TRIVEDI, Mohan M. Multiperspective thermal ir and video arrays for 3d body tracking and driver activity analysis. In: Computer Vision and Pattern Recognition-Workshops, 2005. CVPR Workshops. IEEE Computer Society Conference on. IEEE, 2005. p. 3-3.
[146] PRAKASH, Surya, et al. Robust thermal camera calibration and 3D mapping of object surface temperatures. In: Defense and Security Symposium. International Society for Optics and Photonics, 2006. p. 62050J-62050J-8.
[180] VIDAS, Stephen, et al. A mask-based approach for the geometric calibration of thermal-infrared cameras. Instrumentation and Measurement, IEEE Transactions on, 2012, 61.6: 1625-1635.
[68] HILSENSTEIN, V. Surface reconstruction of water waves using thermographic stereo imaging. In: Image and Vision Computing New Zealand. 2005. p. 102-107.
[195] NG, Harry, et al. Acquisition of 3D surface temperature distribution of a car body. In: Information Acquisition, 2005 IEEE International Conference on. IEEE, 2005. p. 5 pp.