In 1979, Rabin introduced a variation of RSA using the encryption exponent 2, which has become popular because of its speed. Its drawback is decryption to four possible messages which has led to various ideas to identify the correct plaintext. This paper provides a new Rabin-type cryptosystem based on a modulus of the form 𝑝2𝑞. Along with a theoretical proof that the decryption is correct, we provide a complete example. To demonstrate its efficiency, we compare runtime of our algorithms with those of two others with similar aims. We also conjecture that our scheme is secure against chosen ciphertext attacks because of our inclusion of Simplified Optimal Asymmetric Encryption Padding of messages.