A 29-year-old man, suspected of spending more than $18,000 from a credit card that was accidentally left behind at an AXS machine, was arrested on Thursday.
The police said in a statement on Thursday that the victim made a report about several unauthorised transactions on his missing credit card.
Preliminary investigations revealed that the suspect picked up the credit card at an AXS machine in Yishun Avenue 2. He then allegedly used it to buy several pieces of jewellery, electrical items and watches.
These items have been seized, along with cash amounting to $1,000.
Officers from the Commercial Affairs Department arrested the suspect in Temasek Boulevard on Thursday.
If convicted of dishonest misappropriation of property, the man faces a jail term of up to two years, a fine, or both.
Anyone found guilty of cheating may face up to 10 years' jail and a fine.
In the statement, the police also reminded holders of debit and credit cards to call their banks immediately if they lose their cards.
To prevent unauthorised use, they are encouraged to opt for SMS one-time password verification for purchases or charges to their credit and debit cards.
They should also opt for an SMS to be sent to their mobile phone for any charges incurred on their cards, check their bank statements and alert the bank immediately should there be any discrepancies or fraudulent charges. They also should not give out their card details to strangers.
The police also reminded merchants and sales staff to exercise vigilance and adopt correct card acceptance procedures when processing credit card transactions.
They should look out for the name and security features on the card and contact the processing bank immediately for advice if they detect anything suspicious.