Just a few things: Just checking the obvious first -
As the other guy said, make sure you have the 'mouse hole' type connector plugged from the ArcadeVGA card into your JPACs similar 'mouse / keyboard' type hole. This is what powers the JPAC.
Next question - look at your Jamma cab. Do you have a coin counter wired into the Jamma loom, or any other stray voltage getting in there? If you have any voltage hitting the JPAC apart from the lead mentioned above, by way of the Jamma loom, it will not power as it has a protection circuit built in. It must only be powered from that lead.
I had one here that wouldn't light up - so there was a stray voltage going in. By a process of elimination, I disconnected each wire that went to the loom (it had to be one of 'em!) and it turned out that as soon as I disconnected the 12v that went to the coin counter / mech - on came the lights, and it was all go from there.