Did you jumper the grounds of both boards together? Connect the grounds so the signals will all be relative to the same ground. Voltage is always relative to its own ground.
Mega2560 has Serial, Serial1, Serial2 and Serial3 with RX/TX, RX1/TX1, RX2,TX2 and RX3/TX3.
Use Serial.write() to send binary data. Use print() to send text.
Start with 1200 baud at both ends. That's still 120 cps.