Sounds to me like he got some ELECTRONIC coin mechs, not your standard ones.
GWOOD, you may have to give us more info (model #, pics?) and maybe a reason why you opted for electronic over the simple mechanical variety.
The IPAC is designed to receive coin input as a simple "button" switch closing. Each time it closes, that's one credit detected by whatever game MAME is running. There is no need for a "credit board", unless by credit board we are talking about an optical coin switch?
Either way, check as was suggested above, that your connection must be set up in a "normally open" way, not "normally closed".