An image processing system is disclosed, comprising: an M-lens camera, a compensation device and a correspondence generator. The M-lens camera generates M lens images. The compensation device generates a projection image according to a first vertex list and the M lens images. The correspondence generator is configured to conduct calibration for vertices to define vertex mappings, horizontally and vertically scan each lens image to determine texture coordinates of its image center, determine texture coordinates of control points according to the vertex mappings, and P1 control points in each overlap region in the projection image; and, determine two adjacent control points and a coefficient blending weight for each vertex in each lens image according to the texture coordinates of the control points and the image center in each lens image to generate the first vertex list, where M>=2.